Electra Gold hires Jedway as PEM100 mining contractor
Electra Gold Ltd (C:ELT)
Shares Issued 39,952,963
Last Close 5/26/2009 $0.06
Thursday May 28 2009 - News Release
Mr. J. T. Shearer reports
ELECTRA GOLD HIRES A NEW MINING CONTRACTOR TO LOWER COSTS AND INCREASE EFFICIENCY
Electra Gold Ltd. has engaged Jedway Enterprises as the prime mining contractor at its PEM100 quarry, located on northern Vancouver Island. The readily accessible alumina and silica resources that are mined form the raw materials component supplied to major cement companies in the making of cement. In this economic downturn the company is projecting to supply over 100,000 tonnes to its customers for 2009. While the tonnage is representative of supply in previous years, lowering company costs and increasing efficiencies is paramount.
Jedway Enterprises has a wealth of mining experience having successfully mined at the Fireside barite operation and the Cantung Tungsten Mine. Jedway is equipped with hydraulic down the hole hammer drills fitted with dust collectors, which will facilitate routine sampling for improved grade control. Blast holes will be significantly larger diameter to further reduce costs.
Drilling and blasting will be conducted on a larger scale than previous to break sufficient muck for the entire year over a contained time period rather than protracted over the entire year, thus reducing costs.
Trucking and crushing will continue to occur year round. Shipping out on the west side of Vancouver Island for some of the yearly production will continue to be investigated as it is anticipated to lower the costs of trucking.
? 2009 Canjex Publishing Ltd.
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EXPLORATEUR |
CODE : ELT.V |
ISIN : CA2849031018 |
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Electra Gold est une société d’exploration minière d'or basée au Canada. Ses principaux projets en exploration sont ALBERTA IRON, APPLE BAY et LANG BAY au Canada. |