Gammom Lake Resources (Ticker: GRS)

[Paciente]

A Gammon Lake é daquelas empresas mineiras que interessa ter em qualquer carteira relacionada com o sector.

Juntamente com a TRE, a GRS tem sido ao longo destes últimos 9 meses uma das melhores apostas do sector (ver gráfico no final do post).

Hoje está em destaque pela valorização que regista (acima de 5%) e pelo novo máximo histórico alcançado, mas também pela notícia relacionada com o início das operações no seu projecto de Ocampo, no México:

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Gammon Lake Announces Open Pit Mining and Commencement of Heap Leach Operations at the Ocampo Gold-Silver Project
Thursday January 26, 10:15 am ET 
TSX:GAM/AMEX:GRS/BSX:GL7


DARTMOUTH, NS, Jan. 26 /PRNewswire-FirstCall/ - Gammon Lake Resources Inc. (TSX: GAM - News; AMEX: GRS - News) is pleased to announce that mining and heap leach operations have commenced at the Company's 100% controlled Ocampo Gold-Silver Project, located in Chihuahua, Mexico. Initial production is derived from the Conico deposit in the Open Pit area of the project. Since November 2005, Gammon Lake has been developing 13-kilometres of pit roads, and has started open pit mining operations in the Conico deposit and stockpiling low-grade and high-grade ore. To date, approximately 40,000 tonnes of ore have been stacked on the heap leach pad, and is now under leach.

The primary crusher, capable of crushing up to 20,000 tonnes per day (7.0-million tonnes per year) is operating and presently feeding a 6,000 tonne per day (2.1-million tonne per year) high-grade secondary/tertiary crushing facility that was commissioned in early January 2006. With 58-million tonnes of mineable ore, Gammon Lake will be in continuous heap leach pad preparation for the next 12 years to remain one year ahead of its ore stacking needs.

The low-grade secondary crushing line for crushing 7,000 tonnes per day (2.45-million tonnes per year) will be completed during the first half of February, 2006, at which time the mine will deliver 13,000 tonnes per day to the heap leach crushing facilities at the planned grade of 1.8 grams per tonne gold equivalent. Sufficient crushed material has been placed on the heap to allow for cyanide solution irrigation for gold and silver dissolution (started January 20, 2006). Kappes, Cassiday & Associates (KCA), EPCM contractor for the Ocampo Project, is monitoring the gold/silver concentration in the heap leach pond to determine when Gammon Lake can proceed with the first gold/silver pour.

Construction and development of the Ocampo Project remains on schedule and within budget to achieve the feasibility rate of 13,000 tonnes per day from the Ocampo Open Pit mine by the end of the first quarter of 2006. In the first year of production the Ocampo Open Pit mine is expected to produce 136,735 ounces of gold and 3,979,826 ounces of silver, equating to 203,065 gold equivalent ounces. Total first year commercial production at Ocampo, including underground operations is expected to exceed 300,000 gold-equivalent ounces.

The mill facilities for processing the underground ore are now under construction. The foundry portion of the mill is nearing completion for the first gold/silver pour, and construction of the remaining mill components is proceeding as per the KCA construction schedule.

ABOUT THE OCAMPO PROJECT

The Ocampo Gold-Silver Project, as designated in the feasibility study conducted by Kappes, Cassiday & Associates (KCA) of Reno, Nevada, will consist of an underground mine with a 1,500 tonne per day agitated cyanide leach plant, and an open pit mine with a 13,000 tonne per day heap leach. As per the KCA feasibility study, production is expected to average 170,000 ounces of gold and 6.2-million ounces of silver, annually. The full KCA feasibility study can be found on SEDAR at www.sedar.com.