Dynacor Completes Construction of its New US$ 15-Million Ore Processing Plant and Begins the Commissioning Process
MONTREAL, QUEBEC–(Marketwired – May 25, 2016) –
Editors Note: There are two photos associated with this press release.
Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce that it has completed the construction of its new 300-tpd Veta Dorada ore processing plant and has begun the commissioning process. The Veta Dorada plant is located in Chala (southern Peru) in the heart of a major gold producing region of Peru.
The commissioning process will involve the following two steps over the next few weeks.
- Pre-commissioning: Construction of the plant and its sub-units are validated by Veta Dorada’s technical team. This also includes testing of the plant’s power distribution system, testing the electrical motors and the process control valves as well as the ore conveyor belts, etc.
- Dry and/or Wet Running. Depending on the process sub-units either dry or wet running is used to test the units individually (crushing, milling, conveyor belts, etc.). The objective being to determine that each sub-unit is functioning correctly.
- Operational running. This involves a complete test using mineralized ore, crushing and milling as well as chemical extraction and gold recovery. During this stage all the processes are tested but the yield is not measured.
Management expects to start up the new Veta Dorada Plant by mid-summer 2016.
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold ore-processing and exploration Corporation active in Peru since 1996. The Corporation differentiates itself from pure exploration companies as it generates income from its wholly owned ore-processing plant. Dynacor’s basic share count at 37.4 million outstanding is in the lowest quartile of the resource sector. The Corporation’s assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85,000 TPA gold and silver ore processing mill at Metalex-Huanca. The Corporation has completed the construction of its new 300 tpd (102,000 TPA) ore processing plant in southern Peru and expects to begin operations in mid-2016. This new plant represents an important milestone for the Corporation’s future growth. The Corporation’s strength and competitive advantage comes with the experience and knowledge it has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
FORWARD LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.
Dynacor Gold Mines Inc. (TSX:DNG)
Shares outstanding: 37,426,911
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President and CEO
T: 514-393-9000 Ext. 228
Dynacor Gold Mines Inc.
Director, Investor Relations