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CGA Mining Announces an Update on SAG Mill Repairs

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The Board of CGA Mining Limited (CGA.TO) provided an update on the progress of the repair to the SAG Mill. As outlined in the September quarter, Management Discussion & Analysis, the SAG Mill was expected to be brought back on line in the December quarter.

It said: "Non Destructive Testing undertaken subsequently identified some anomalies/irregularities that required further investigation. Following consultations with the weld specialists and experts managing the process, the decision was made to grind out the inclusions and irregularities. The re-welding is currently approximately 90% complete and is scheduled for completion within the next two weeks. Given a successful final NDT program, the mechanical work required to complete the recommissioning, which includes the realignment and relining of the SAG mill and removal of the current by-pass circuit, will be undertaken.

"These additional quality assurance procedures have slightly delayed the repair progress and the SAG mill is now forecast to be brought back on line in January.

"In the interim, the by-pass system continues to perform well with throughputs currently over 500tph which equates to an annual production rate, before the recommencement of the SAG mill, of 120,000 - 130,000 ounces pa."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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