Vertex receives revised quartz mining permit|pipes and fittings

 

Capstone Mining Corporation (TSX:CS) announced that it has received the amendments Minto North deposit of quartz mining licenses. However, the company has not yet received its water use permit amendment to Yukon water board says the second amendment was "necessary to start the pre-Strip vertex Minto North pit".
As quoted in the press release:
Underground mining and milling operations are not affected and production guidance in Minto 2014 remains unchanged. Mill underground ore will be processed and stored for the rest of the year as planned. 2014 mine plans to submit the license application but did call for stripping Minto North open pit mine, began in September 2014. Before you start peeling Minto North delays had led to a revised mine plan, fully to permit underground ore from the area of 118, beginning later this month, to maintain full mill production and partly offsets in 2015 shortfall from Minto North open pit. In 2015, production is not expected to substantially differ from 2014, however, the most important of production will shift from Minto North from 2015 to 2016.
Due to delay dissolution, open pit mining contractors will be downsized and its crew in Minto, affecting approximately 50 people. This simplicity is not affected with surface mining contractor in addition to the 44 positions in January 2014, as Minto slow surface mining, in order to better align with the expected timeline allowed. By opencast mining contractor, always directly after downsizing Minto and contract employment was approximately 250 people. Vertex of the 171 and underground mining contract employees are not affected. Support position will reduce the basis of assessment for the mining contractor of the contractor's personnel.

Capstone Mining Corporation (TSX:CS) announced that it has received the amendments Minto North deposit of quartz mining licenses. However, the company has not yet received its water use permit amendment to Yukon water board says the second amendment was "necessary to start the pre-Strip vertex Minto North pit".

 

As quoted in the press release:

 

Underground mining and milling operations are not affected and production guidance in Minto 2014 remains unchanged. Mill underground ore will be processed and stored for the rest of the year as planned. 2014 mine plans to submit the license application but did call for stripping Minto North open pit mine, began in September 2014. Before you start peeling Minto North delays had led to a revised mine plan, fully to permit underground ore from the area of 118, beginning later this month, to maintain full mill production and partly offsets in 2015 shortfall from Minto North open pit. In 2015, production is not expected to substantially differ from 2014, however, the most important of production will shift from Minto North from 2015 to 2016.

 

Due to delay dissolution, open pit mining contractors will be downsized and its crew in Minto, affecting approximately 50 people. This simplicity is not affected with surface mining contractor in addition to the 44 positions in January 2014, as Minto slow surface mining, in order to better align with the expected timeline allowed. By opencast mining contractor, always directly after downsizing Minto and contract employment was approximately 250 people. Vertex of the 171 and underground mining contract employees are not affected. Support position will reduce the basis of assessment for the mining contractor of the contractor's personnel.

 

 

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