In a press release from Gold Resource Corporation, the Mineral County mining venture of Isabella Pearl, reports its first gold production – ahead of schedule.
Gold Resource Corporation broke ground on the Isabella Pearl property in June of last year with a goal of “first gold production by twelve months in June 2019”. The release explains that after ten months of construction progress, the company announced on March 25 that it had begun stages of gold processing by applying and circulating leach solution to ore loaded on the heap leach pad.
“With the focus on reaching cash flow at the earliest possible time, two panels under leach, and final construction of the project’s ADR processing facility ongoing, management decided to utilize a third-party to process gold loaded carbon accumulating in the ADR plant and pour gold dore ahead of schedule.”
The dore is scheduled to be shipped and sold to a refinery. The spent carbon will be regenerated and returned to the process cycle at the project. Additional gold loaded carbon shipment are planned for shipment.
“It is a tremendous milestone to have produced our first gold dore from Isabella Pearl in just over ten months from breaking ground on the project,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid. “Building a project like this is so exciting. An incredible amount of planning, work and problem solving goes into bringing a project like this online. Our team is still working hard to complete the final portions of the ADR process facility, from which we expect to pour dore bars on site in the future; however, after evaluating the ease of delivery and reasonable cost to utilize a third-party to process our gold infused carbon, it was an easy decision to achieve cash flow sooner than anticipated. These initial first several hundred ounces of gold are the beginning of what we believe will be a great gold project for Gold Resource Corporation shareholders. We remain focused on ADR construction completion over the next several months and now look towards the project production ramp up phase at Isabella Pearl. We are placing more ore on the pad, more panels under leach and increasing leach circulation flows.”