As a result of the drilling work carried out in 2017, Vein Ten has 189,300 ounces of gold registered according to the JORC standard. Deep drilling is expected to generate additional resources. The first stage of development on Vein Ten will commence on the central portion in October 2018, based upon the mining methods developed on Vein One, while also introducing increased mechanization and long-hole stopping.
Southern and Northern Sections
Following the ramp up of mining on the central section of Vein Ten, development will commence on the Southern Section of the Vein Ten. This is programmed to begin in early-mid 2019. Development on the Northern Section will begin after the Southern Section has begun producing. The timeline for bring the Southern and Northern Sections into production is expected to be foreshortened, as result of the experience and resources built up on the central portion of the Vein.
Once in production, Vein Ten will supply enough ore to feed a significantly larger plant. Mongold is planning to expand the current plant’s capacity from 5 tph to 15 tph, to accommodate the increase in production levels.