El Corpus, Honduras (PRWEB) November 02, 2012
Clavo Rico, Ltd. (the “Company”) announced today that its new processing plant recently delivered to the Clavo Rico mine site in El Corpus, Honduras has been fully prepared, installed and commissioned and has now commenced operations and has begun processing the gold laden solution currently in holding ponds on the mine property. The Company has stored more than 2,000,000 gallons of gold bearing solution in four holding ponds on the mine property. The water is stored to be reused and is necessary to have to get through the Honduras dry season, which will be beginning in November and continue for about six months.
The plant manufacturer has sent three specialists to Honduras to install and ensure that the plant is operating to its specifications and to optimize its performance as the Company commences full scale operations. The specialists include a machinist, a metallurgist as well as the construction and operations manager. Together these specialists have all of the knowledge and experience necessary to get the plant up and operating at its capacity in the next 30 days.
The power was turned on to begin operating pumping solution from the ponds to the plant to begin recovering the gold. After the gold is collected in the carbon it will be stripped, processed and smelted into dore’ bars for shipment to refiners.
Although there are a few construction items left to be completed, it is anticipated that the first production will be realized in the next ten days and that production will then continue at capacity until all of the currently stored solution has been processed. The plant has been sized to process 250 gallons of gold bearing solution per hour, which is more than ten times the old plant's capability and is much more than is currently realized from the sprinkling of the expanded recovery field.
Mr. Reed L Benson, President of the Company, stated “This excess capacity should allow the Company to gradually increase its crushing operations and to increase the amount of ore deposited daily on the recovery field, which will in turn increase the flow of gold bearing solution to the processing ponds. Until now we have not been able to maximize our operations as we did not have the ability to process the solution nor did we have the storage capacity for more solution.”
Clavo Rico, Ltd., a Turks and Caicos company, is a privately held junior mining company that has as its mission finding, securing and developing mining claims in Latin America. It is currently in process of expanding operations at the Clavo Rico mine in El Corpus, Choluteca, Honduras. It has also been active in locating exploration and extraction partners to fully realize the potential of various mineral claims resulting in increased shareholder value, with an eye towards improving their marketability and position the Company for an entrance onto a public exchange or an acquisition by a senior mining company.