Canada-based gold mining company Desert Sun Mining Corp. poured the first gold from its reactivated Jacobina Mine in the state of Bahia in northeastern Brazil using ore from mine development.
The processing of development ore began in early March with approximately 50,000 tons milled to date. Gold from production ore will begin later in the second quarter.
“This gold pour is the culmination of months of work by the dedicated team of people who are responsible for the smooth development of this project,” commented Bruce Humphrey, Desert Sun’s Chief Executive Officer.
“We are proud to announce this pour in the first quarter of 2005, ahead of schedule. We will continue mine commissioning and expect to ramp up to steady state annual production of 100,000 ounces of gold by the third quarter of this year, and will focus on our development projects that could facilitate a production expansion in 2006 and 2007.”
Desert Sun Mining is a Canadian gold mining company listed on the Toronto Stock Exchange and the American Stock Exchange with 100% ownership of the Jacobina Mine and the 155 km long Bahia Gold Belt in the state of Bahia, in northeastern Brazil.
Proven and Probable mineral reserves are 14,378,000 tons at 2.12 g Au/t containing 980,000 ounces of gold.
As a result of the Desert Sun’s exploration programs to date, Measured and Indicated resources total 24,800,000 tons at 2.53 g Au/t containing 2,050,000 ounces of gold, and Inferred Resources total 22,200,000 tons at 2.61 g Au/t containing 1,900,000 ounces of gold. The mineral reserves are included within the Measured and Indicated mineral resources.
Desert Sun Mining Corp.
www.desertsunmining.com
Business Wire
