Teranga gets enviro approval for Gora
17TH MARCH 2015 BY: ESMARIE SWANEPOEL
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PERTH (miningweekly.com) ? ASX- and TSX-listed Teranga Gold has received environmental approval for its Gora project, in Senegal.
The Gora project was the first satellite deposit for Teranga and the first discovery on the company?s large regional land package.
Production from the Gora mine would reach between 50 000 oz and 75 000 oz a year, with average feed grades ranging from 4 g/t to 6 g/t, over its estimated four-year mine life.
?We are delighted to report that it is full steam ahead for the Gora project. Work has begun on road construction from Sabodala to Gora, and we expect to be processing ore from Gora through our mill by the fourth quarter,? said Teranga CEO Richard Young.
He added that the approval of the Gora environmental study demonstrated continued support for the mining industry, and assisted the company in executing its vision to be the pre-eminent gold producer in Senegal, while setting the benchmark for responsible mining.
For 2015, Teranga was expected to produce between 200 000 oz and 230 000 oz of gold.
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