Kingsgate hails gold production milestone at Chatree
November 29, 2023 at 02:02 pm
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Kingsgate Consolidated Limited (ASX:KCN) CEO Jamie Gibson speaks with Proactive soon after announcing a significant milestone for the Chatree Gold Mine in Thailand with 1,000 doré bars poured since operations restarted in March 2023. The 1,000th doré bar was poured last week, and will be refined by Kingsgate’s refining partner, Precious Metal Refining Company Limited. The company continues to ramp up mining and processing operations at the project.
“We are delighted to acknowledge this production milestone, and are pleased with Chatree’s gold and silver production to date, as we continue to ramp up both mining and processing operations," Gibson said.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Kingsgate Consolidated Limited is an Australia-based gold and silver mining, development and exploration company. The Company and its Thai subsidiary, Akara Resources Public Company Limited, own the Chatree Gold Mine (Chatree) in central Thailand. In addition, the Company has an advanced development project, Nueva Esperanza, in the highly prospective Maricunga Gold/Silver Belt in Chile. The Chatree is located in central Thailand, approximately 280 kilometers (Kms) north of Bangkok. Chatreeâs operations have historically been a large-scale, low-grade, open-pit gold mine. The Nueva Esperanza (New Hope) Project is located in the Maricunga Gold Belt of the Atacama Region of Northern Chile, approximately 140 Kms north-east of the city of Copiapo, a regional mining center. Nueva Esperanza is a silver and gold project comprising several well-defined deposits hosted in a high sulphidation epithermal (hydrothermal) system. The main deposits are Arqueros, Chimberos and Teterita.