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Monday, 23rd February 2009 (975 views)

Quadra Mining has released a new technical report for its Robinson mine in Nevada.

The technical report follows an announcement made about its revised mine plan last month, which was based on new estimates for reserves and resources.

As of January 1st 2009, the firm's mineral reserves for the Robinson property were 884,000 ounces proven and 21,000 ounces of probable contained metal at an estimated grading of 0.23 g/t gold.

Quadra Mining has been conducting a two-and-a-half year exploration programme at the Robinson mine, including both new drilling and reassaying of existing historic drilling results.

The company has forecast an increase in gold production of copper in 2010 to 100-110,000 ounces, while it predicted that its capital expenditures will fall next year to around $30 million (£20.5 million).

Based in Vancouver, British Columbia, the company owns and operates metal properties in Nevada, Arizona, Chile and Greenland.

 

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