Gold recovery in March has reached 85% based on the data received from Cobra Oro’s metallurgical department. The Company remains confident that its cyanide circuit system has been stabilized and that similar recovery results can be expected going forward.
With the expansion phase almost completed, Cobra Oro’s crushing facilities have reached a capacity of 250 tonnes per day. with leaching throughput limited at 120 tonnes. To remediate the imbalance, the Company has already quoted for 3 more leach tanks to create a better equilibrium between crushing and leaching. The investment is minor and was planned as part of the expansion phase with on-site logistic ready to receive the equipment.
As Cobra Oro’s operations are now yielding constant results, the Company is placing a lot of emphasis to help its current suppliers work more efficiently and making sure that Cobra Oro’s current or future concessions will be drilled and mined to insure sufficient mineral supply to optimize its processing plant.
Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
Tel : 514-808-9807
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