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New Dawn commissions 2 new Ball Mills in Zimbabwe

by Nare Msupatsila
01 Dec 2011 at 01:21hrs | Views
New Dawn Mining Corp announced the completion of the commissioning of two new ball mills, one each at its Dalny and its Golden Quarry gold mine sites in Zimbabwe.

As a result of the two additional ball mills recently becoming operational, New Dawn now operates a total of 11 mills at four gold producing sites in three separate gold camps in Zimbabwe with a total ore processing capacity of 2,000 tonnes per day.

The increased milling capacity is a major step towards achieving New Dawn's target of an annualized gold production run rate of 60,000 ounces by the fourth calendar quarter of 2012, a 50% increase over the anticipated annualized run rate of 40,000 ounces in the fourth calendar quarter of 2011. As part of New Dawn's efforts to reach its production objectives, New Dawn signed continuous power supply agreements with the Zimbabwe Electrical Supply Authority for three of the four gold producing sites, and is currently installing the requisite infrastructure at the fourth site to allow for the signing of a fourth continuous power supply agreement.

New Dawn owns 100% of the Turk/Angelus Mine Complex, the Old Nic Mine and the Camperdown Mine. In addition, New Dawn has an approximately 85% equity interest in the Dalny, Golden Quarry and Venice Mines, and a large portfolio of prospective exploration acreage in Zimbabwe. These six mines, five of which are now operational, are divided into three significant gold camps, and the Company is in the process of expanding production at these sites. All properties and exploration projects are located in Zimbabwe.

In addition to gold production, New Dawn is also actively exploring on highly prospective ground employing modern exploration techniques and deploying capital in Zimbabwe, a country that is proven to be geologically rich, highly prospective, and significantly under explored.

Source - Byo24News