The Cerro Mayal placer gold project in west-central Argentina has entered production.
The processing of gold-bearing gravel began May 4 after a couple of months of plant commissioning and technical adjustments.
The project, in Neuquen province, is expected to process 900,000 cubic metres of material and produce about 25,000 oz. during its first year, at an operating cost of US$150-175 per oz.
The owners — Sikaman Gold Resources (TSE), Monk Gold & Resources (ASE) and privately owned Aldermines International — are hoping to be able to double output during the second year of operation.
Sikaman reports that drilling on the Neuquen River gold project is also under way.
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