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Generating Cash Flow from Toll Milling and Small Scale Mining

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EL LIMON MINE<br />

• The existing mineral process at El Limon consists of two-stage<br />

crushing, milling, gravity separation, flotation, cyanidation, Merrill-<br />

Crowe precipitation <strong>and</strong> smelting. Amalgamation in small ball mills<br />

(cocos) has historically been performed as well. The final product<br />

sold by El Limon is gold/silver doré. Average monthly production<br />

during upgrade has been 250 ounces per month (10% of upgraded<br />

capacity).<br />

• A 2-stage crushing plant is operational on site. The crushing plant<br />

historically operated one shift per day at 10-12 tonnes per hour but<br />

has capacity of 20 tonnes per hour, providing sufficient crushed rock<br />

to feed the mill. The crushing plant consists of a jaw crusher, cone<br />

crusher, vibrating screen <strong>and</strong> associated belts <strong>and</strong> bins. A nominal<br />

3/4” product is supplied to the mill. This crushing plant will be<br />

renovated <strong>and</strong> upgraded to allow a smaller (-1/2”) nominal feed to<br />

the mill.<br />

• A $1.7 million upgrade is underway under the operational control of<br />

Para. The planned upgrades includes the installation of a second ball<br />

mill <strong>and</strong> other equipment required to increase mill throughput to 200<br />

tpd. The proposed mineral process has not changed. Amalgamation<br />

has been eliminated. Project completion is Q1 2016<br />

• Recent head grades <strong>from</strong> El Limon mine development workings have<br />

exceeded 100 gpt<br />

7

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