Crystallex’s Las Cristinas Gold Project (7d5d7696-3ce9-4e3a-a905-204bcf9d3fae)

"The Las Cristinas deposit contains about 10.2 million ounces of gold at a grade of 1.3 g/t. The deposit comprises a layer of fully oxidized saprolite (SAPO), a layer of sulphide-enriched saprolite (SAPS), carbonate leached bedrock (CLB) and carbonate stable or un-leached bedrock (CSB). Gold occurs at about the same level in all lithological groups. The bedrock units contain minor amounts of copper (about 0.1%) as chalcopyrite, while SAPO contains virtually no copper it having been leached and deposited in the SAPS zone.A previous owner started investigation of the Las Cristinas deposit in Venezuela in 1991. Over the next seven years, 1174 holes with a total length of 159 km were drilled, extensive metallurgical testwork, including pilot plant operations, were conducted and feasibility studies were completed. Construction was started in 1997 and again in 1999 but was suspended.Crystallex has been producing gold in Venezuela since the early 1990’s. In 1997, Crystallex acquired Inversora Mael which had held two of the claims to the Las Cristinas concessions since 1986. In September 2002, Crystallex entered into a definitive agreement with the Corporación Venezolana de Guayana, (CVG), to develop the Las Cristinas deposit.An extensive program of studies and testwork was started in early 2003 to determine an optimum development plan for Las Cristinas. Mine Development Associates, SNC–Lavalin Engineers and Constructors, SGS Lakefield Research Limited, J.R. Goode and Associates, and Professor A. Laplante at McGill University acted as the main contractors.Because of the potential value of by-product copper, earlier flowsheets used carbon-in-leach for SAPO, but processed all other ore types by flotation to produce a gold-copper concentrate with cyanide leaching of cleaner tailings to maximize gold recovery. Cyanide recovery was necessitated by the high copper content of the leach feed. Initial studies of available data by Crystallex revealed that direct leaching of all ore types would provide about 11% more gold recovery than the previously selected flotation route with reduced capital and operating costs.Bench and pilot scale studies have confirmed that a SAG-ball mill-gravity-CIL route is very effective for all ore types and will give about 89% gold recovery. This paper describes the recent testwork, discusses the proposed plant design, and presents economic data."