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PrintWestern Copper and Gold Corporation announced an update on the progress being made at its Casino Project located in the Yukon Territory.
Feasibility Study;
M3 Engineering and Technology Corporation, Tucson, Arizona, continue to advance the feasibility study and are on schedule to complete the study by the end of the year as previously announced. At this point in the development of the feasibility study, several aspects of the design outlined in the pre feasibility study have been confirmed.
Metallurgical Work;
Recent metallurgical test work to investigate the milling characteristics of the ore was carried out at G&T Metallurgical Services Limited, Kamloops, BC and Dawson Metallurgical Laboratories, Salt Lake City, Utah under the direction of Starkey and Associates and FLSmidth, Inc. This test work confirmed the pre feasibility study design basis of a single grinding line to process ore at a nominal capacity of 120,000 tonnes per day. Mills sizes have been confirmed for the feasibility study that is in progress.
An updated flotation test program is planned. A small drill campaign has been initiated to obtain new drill core for the flotation test work. This drill campaign is expected to be complete by mid June and flotation testing is expected to commence shortly after this time.
Power Supply;
The preliminary front-end engineering and design study report on evaluation of best available vendor technology for a small mid scale liquefied natural gas facility to be located in the vicinity of Fort Nelson, BC is expected shortly. The LNG from this facility will be gasified onsite to feed the onsite 150 MW power plant which will provide the electrical energy to operate the concentrator, mine, and ancillary facilities. Preliminary study results indicate that the available LNG technology will provide a cost effective and reliable fuel supply for the project. A transportation study is also underway to optimize the LNG haulage from Fort Nelson to the Casino mine site. Results of the haulage optimization study will be available in July.
Permitting;
Baseline data acquisition and other permitting activities continued in the first part of 2012. Community meetings were held in Whitehorse and the Village of Carmacks during the week of May 28th and the project was well received. Western Copper and Gold has prioritized engagement with communities, First Nations and other governments in preparation for formal submission of its application to the Yukon Environmental and Socio economic Act Board the first step of the Yukon permitting process.
Budget;
Western Copper and Gold began the second quarter with USD 7.6 million cash on hand which is sufficient capital to fund our activities in 2012, including completion of the feasibility study.
Mr Dale Corman chairman and CEO of Western said that "I am very pleased with the progress being made at Casino. The feasibility study is advancing and is on target for completion by the end of this year. Environmental and permitting activities are being conducted in parallel with the feasibility study and we do not foresee any obstacles in our development schedule."
Feasibility Study;
M3 Engineering and Technology Corporation, Tucson, Arizona, continue to advance the feasibility study and are on schedule to complete the study by the end of the year as previously announced. At this point in the development of the feasibility study, several aspects of the design outlined in the pre feasibility study have been confirmed.
Metallurgical Work;
Recent metallurgical test work to investigate the milling characteristics of the ore was carried out at G&T Metallurgical Services Limited, Kamloops, BC and Dawson Metallurgical Laboratories, Salt Lake City, Utah under the direction of Starkey and Associates and FLSmidth, Inc. This test work confirmed the pre feasibility study design basis of a single grinding line to process ore at a nominal capacity of 120,000 tonnes per day. Mills sizes have been confirmed for the feasibility study that is in progress.
An updated flotation test program is planned. A small drill campaign has been initiated to obtain new drill core for the flotation test work. This drill campaign is expected to be complete by mid June and flotation testing is expected to commence shortly after this time.
Power Supply;
The preliminary front-end engineering and design study report on evaluation of best available vendor technology for a small mid scale liquefied natural gas facility to be located in the vicinity of Fort Nelson, BC is expected shortly. The LNG from this facility will be gasified onsite to feed the onsite 150 MW power plant which will provide the electrical energy to operate the concentrator, mine, and ancillary facilities. Preliminary study results indicate that the available LNG technology will provide a cost effective and reliable fuel supply for the project. A transportation study is also underway to optimize the LNG haulage from Fort Nelson to the Casino mine site. Results of the haulage optimization study will be available in July.
Permitting;
Baseline data acquisition and other permitting activities continued in the first part of 2012. Community meetings were held in Whitehorse and the Village of Carmacks during the week of May 28th and the project was well received. Western Copper and Gold has prioritized engagement with communities, First Nations and other governments in preparation for formal submission of its application to the Yukon Environmental and Socio economic Act Board the first step of the Yukon permitting process.
Budget;
Western Copper and Gold began the second quarter with USD 7.6 million cash on hand which is sufficient capital to fund our activities in 2012, including completion of the feasibility study.
Mr Dale Corman chairman and CEO of Western said that "I am very pleased with the progress being made at Casino. The feasibility study is advancing and is on target for completion by the end of this year. Environmental and permitting activities are being conducted in parallel with the feasibility study and we do not foresee any obstacles in our development schedule."
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