White Tiger announces Savkino Phase 2 update
Thursday, Jan 31, 2013TORONTO, Jan. 30, 2013 /CNW/ - White Tiger Gold Ltd. ("White Tiger" or the "Company") (TSX: WTG) today announced that it has installed a new power line and commissioned a new crushing and screening unit for the Phase 2 expansion of its Savkino Mine.
Commenting, Jim McBurney, CEO of White Tiger, said, "We continue to progress with the expansion of our Savkino Mine. The completion of the new power line and commissioning of the crushing and screening unit for Phase 2 are important milestones for the Company. The power line will provide the Savkino Mine with more reliable electricity supply and the crushing and screening unit will increase the Savkino Mine's current crushing and screening capacity from 4,000 tonnes per day to more than 9,000 tonnes per day. The next important operational milestone will be the commissioning of the agglomerator in late April/early May, which will enable us to significantly increase production in May 2013 and more than double gold production this year."
Savkino Phase 2
The Savkino Mine is the Company's existing open-pit, heap leach gold mine that produced 18,261 ounces in 2012. The commissioning of the Phase 2 expansion of the Savkino Mine will increase plant capacity from 650,000 tpa to 1.7m tpa, utilizing two separate but identical production streams. This will allow for both significantly expanded production capacity and reliability and continuity of output to enable gold production to increase from the existing level to 48,000 oz in 2013. The Company also continues to conduct on-going exploration work at Savkino to replenish reserves and extend the life of mine.
About White Tiger
White Tiger Gold Ltd. is a TSX-listed mining and exploration company, focused on the development of mineral resources in the Russian Federation.
SOURCE White Tiger Gold Ltd.