Red Rabbit runs to 2013 start-line
31st May 2012
May 31 – The completion of environmental and feasibility studies and the start of forward project finance talks this year keep joint venture partners Ariana Resources and Proccea Construction Co (earning 50%) on target for a 2013 start to production at their Red Rabbit gold project in western Turkey.
Red Rabbit is scheduled to come into production as a 20,000oz pa “small footprint” operation based on in-pit JORC resources of 118,200 oz gold and 1.5 Moz silver in the Kiziltepe sector, which accounts for just over half the total Red Rabbit JORC resource of 448,000 oz gold equivalent.
Kiziltepe's core operation will be the Arzu South openpit, with four satellite pits on adjacent gold-silver bearing veins, feeding a conventional CIL (carbon-in-leach) plant.
The Tavsan Sector, 75km from the Kiziltepe Sector, is envisaged as a 30,000oz pa heap leach operation based on JORC compliant resources of 215,000oz Au Eq.
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- UnCUT
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- VIEW FROM THE WEST END
- Lubrication
