First Gold Pour at Hera
Sydney, Sep 15, 2014 AEST (ABN Newswire) - Aurelia Metals Limited (
ASX:AMI) ("AMI" or the "Company") is delighted to announce the first gold-silver pour at its Hera gold-lead-zinc-silver deposit.
On Friday the 12th September, the first two gold-silver dore bars were poured. The first bar was from the Merrill Crowe circuit and the second bar from the gravity gold circuit.
The first bars are shown in the photo in link below. Both bars are white coloured owing to the silver content. The gravity bar (right) weighs 3.1kg, the Merrill Crowe bar (left) weighs 3.7kg Final gold and silver contents will be confirmed on bullion assay.
These pours form part of the mill commissioning and confirm the operation of the precious metal circuit at Hera.
The zinc-lead flotation circuit has now been operating continuously since the 9th September at >40 tonnes per hour and at better than 80% availability. The Hera site has now stockpiled approximately 1000 tonnes of zinc-lead concentrates on-site (see photo in link below) and expects to start concentrate transport shortly.
Aurelia's Managing Director, Rimas Kairaitis, commented: "This is a very important milestone for Aurelia Metals and marks our transition to Australia's newest gold, silver, lead and zinc producer. The project now stands to deliver strong cashflow to Aurelia in the years ahead."
ABOUT THE HERA-NYMAGEE PROJECT
The Hera-Nymagee Project represents Aurelia's flagship Project and consists of the Hera gold-base metal deposit (Aurelia 100%) and the Nymagee copper deposit (Aurelia 95%), and is located approximately 100km south-east of Cobar, in central NSW. The deposits are hosted in the Cobar Basin, which also host the major mineral deposits at CSA (Cu-Ag), The Peak (Cu-Au) and Endeavor (Cu-Pb-Zn-Ag).
Aurelia is now in final plant commissioning stages of the Hera project with first production already delivered on schedule in the September quarter 2014.
Aurelia Metals completed the Definitive Feasibility Study ('DFS") on the Hera Gold Project in June 2011, which confirmed the technical and financial viability of the development of the Hera deposit as a shallow underground mine and processing plant producing gold and silver doré bars and a bulk lead-zinc concentrate for sale. Aurelia subsequently received Project Approval from the NSW State Government in August 2012 and shareholder approval for a major funding transaction with Glencore in March 2013.
The Company is also currently evaluating the Nymagee copper deposit, located 4.5km to the north, with a view to demonstrating an integrated development of the Hera and Nymagee deposits.
Aurelia maintains a commitment to the ongoing exploration of the Hera-Nymagee Project and considers both deposits have the potential to evolve into very large "Cobar style' mineral systems.
To view photographs, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AMI-691156.pdf
About Aurelia Metals Ltd
Aurelia Metals Limited (ASX:AMI) is focused on the development and exploration of the high grade Hera-Nymagee Project in the Cobar district of NSW.
Aurelia is actively drilling the evolving copper deposit at Nymagee with the potential that the Nymagee mineralisation may evolve into another 'Cobar Giant' similar to the world class CSA copper deposit located approximately 100km north-west along strike.
Aurelia also remains active in the exploration for copper, gold and tin on a number of tenements in the Lachlan Fold Belt of NSW.
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