With the significant increase in the gold price over the last several years, some smaller mines have had the opportunity to become bigger mines. Capital Gold Corporation’s El Chanate heap leach gold mine, located in the Sonoran desert of Mexico is one such operation.
Subsequent to completion of SRK’s Independent Engineer role for the lending banks, SRK was retained by and worked closely with Capital Gold personnel to help define potential corporate and operational strategies to maximise shareholder value and the growth of the company. Specific work has included revised geologic modelling and resource estimation, pit optimisation, preparation of phased mine plans and production schedules, mine equipment fleet modelling and estimation, development of a disturbance schedule, compilation of an NI 43-101 technical report and scoping and targeting of in-fill/exploration drilling programs.
The culmination of a series of “what-if” scenarios and recommended work plans has given management and site personnel a much better understanding of the true potential at El Chanate and what work is required to realise its potential.
SRK has also been involved in providing technical analysis for potential mergers and acquisitions that Capital Gold may or may not execute. Using a combination of public domain and/or site specific data, SRK has acted as technical advisor and independent engineer to evaluate potential orebodies, mine plans and economic models.
SRK will continue to provide Capital Gold Corporation with the technical expertise needed to make informed investment and operational decisions in order to meet the company’s corporate strategy in the years ahead.
