Crystallex pours gold

Almost 6,000 oz. gold was produced from last year’s bulk-sampling program at the Albino property in Venezuela’s Kilometre 88 region.

Gold dore sold by Crystallex International (VSE) to the country’s central bank generated almost US$2.3 million in revenue.

The Albino mill, which previously tested only low-grade ores, is now capable of treating grades averaging 0.4-0.5 oz. per ton. As well, daily throughput is expected to increase to 500 tons during the first quarter. The company will soon spend $4 million in an effort to expand reserves. It estimates a potential overall resource of more than 2 million oz. Crystallex and Eurus Resource (VSE) each hold rights to a 50% interest in the Albino property. The companies recently announced details of a proposal to merge into a single entity which would hold the Albino project as its main asset.