The much awaited release of a definitive feasibility study (DFS) for Marengo Mining’s Yandera copper-gold project which was expected to be released in mid 2012 has been delayed to March 2013. The release ofthe DFS is running parallel withthe completion ofthe Environmental Impact Assessment (EIA) to be submitted tothe Department of Environment and Conservation.
The Yandera Project development concept is for a full open-cut mining operation and processing facility to be located at Yandera, with copper concentrate being delivered tothe Company’s recently acquired harbourside location, inthe Madang area, by pipeline. Molybdenum concentrate will be delivered by road due tothe smaller volumes of this high-value product.
Drilling inthe December quarter came across some more broad intersections which contain high grades of copper.
Atthe Imbruminda zonethere was a 416m intersection at 0.42% copper fromthe surface which included a 48m stretch grading 1.06% copper and 1.52 grams per tonne gold
The Gremi zone had a 102m intersection grading 0.66% copper just 3m fromthe surface.
A separate holethere clocked up a 208m intersection at 0.58% copper from a depth of 36m which included a 39m interval at 1.28% copper.
– Article from Marengo Mining: http://www.marengomining.com/