THE ZARUMA PROJECT - Production Update
(back to THE ZARUMA GOLD PROJECT)
(recent photos - Plant Construction Progress)
(archived photos - Production Plant Progress)
As discussed in detail on the Zaruma Property page, the Zaruma Gold Field comprises 44 concessions, located in the El Oro Province of south western Ecuador, in the vicinity of the towns of Zaruma and Portovelo. Forty-three of the concessions are 100% owned. Title to the remaining concession is subject to future option payments. The concessions cover 103 km2 at an altitude of 650m to 1600m and have excellent exploration potential*.
The Zaruma project is the most advanced of the Dynasty Metals & Mining properties, with production start up to be determined pending the implementation of the new mining act. Along with rounding out the Project Team, 2007 was focused on methodically executing the planned steps required to bring the Zaruma Gold Field into production. Work included surface drilling along the strike, and underground drilling from declines developed to mine the existing resource. The company is now well into construction of an 850 tonne a day plant at Zaruma. Construction of two tailings dams with an initial capacity of 120,000 m3 have been completed. Thirty hectares of land has been purchased on which to build the treatment plant and camp facilities. One of five planned declines has been commenced at Ana Michele and much of the heavy equipment for the plant including jaw crushers and ball mills, is now being assembled onsite.
To review the progress toward production, please see the pictures below. We have also created a timeline of milestones completed to date. If you wish to be sent regular updates as future milestones are achieved, please sign up here to be added to our E-mail Update list.
| NEWS EVENT |
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| October 11, 2007 - |
DYNASTY COMPLETES $9,900,000 EQUITY FINANCING |
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| September 25, 2007 - |
DYNASTY READIES FOR ZARUMA START-UP WITH NEW FINANCING |
| September 21, 2007 - |
DYNASTY METALS ARRANGES $9.9-MILLION EQUITY FINANCING |
| July 18, 2007 - |
NEW OPTIMIZED ZARUMA PLANT DESIGN INCREASES GOLD RECOVERY TO 92% - DYNASTY HIRES ZARUMA MINE MANAGER |
| Jun 12, 2007 - |
SAMPLING RETURNS HIGH-GRADE GOLD FROM NEW VEIN EXTENSION |
| April 16, 2007 - |
DYNASTY RECEIVES FINAL PERMITTING TO CONSTRUCT AND OPERATE ZARUMA GOLD PLANT |
| January 29, 2007 - |
ZARUMA GOLD PROJECT DEVELOPMENT UPDATE |
| December 21, 2006 - |
DYNASTY COMPLETES $8,500,000 EQUITY FINANCING |
| August 22, 2006 - |
DYNASTY SECURES ADDITIONAL MINING CONCESSIONS AND ACQUIRES LAND AT ZARUMA GOLD PROJECT |
| July 12, 2006 - |
DYNASTY RECEIVES POSITIVE PRELIMINARY ASSESSMENT REPORT ON ZARUMA GOLD PROJECT |
| July 10, 2006 - |
DYNASTY ACQUIRES OPTION ON ZARUMA GOLD PROJECT ROYALTY |
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Plant Construction Progress
ZARUMA PROJECT TEAM
Bill Blake
Mining Manager
Bill has over 27 years of experience in underground hardrock mining and has recently joined the project in Zaruma, Ecuador. He has worked primarily in gold, nickel, silver and copper mines in Western Australia and has also worked in Ghana, Namibia, and Indonesia. Bill's experience involves most aspects of mining including shaft sinking, hands-on narrow vein up to sub-level cave mining, as well as supervision and management. The combination of his narrow vein and mechanized mining experience will be invaluable to the opening up of the decline access to the mine. This approach has not been done in Ecuador before. Bill is also qualified and experienced in Occupational Health and Safety as well as Training.
Edgar Almeida
Chief Engineer, Mining
Edgar has 20 years experience as a mining engineer in Ecuador. He has been with Dynasty for two years and has been instrumental in the start-up of various mining projects for the company. Edgar has worked many years in the El Oro Province and is very familiar with the environment and politics of the Ecuadorian mining industry.
Andrey Buzmakov
Mechanical Engineer
Andrey has been with Elipe for approximately 2 years. As a mechanical engineer, he has been invaluable in the running of the Chile mill pilot plant in Portovelo. Andrey gained experience working in his home country of Russia prior to joining the Zaruma Project Team.
Franklin Gallegos
Structural Engineer
Franklin has been instrumental in putting together the workforce for the Portovelo/Zaruma crushing and milling plant; the largest project of its kind ever seen in Ecuador, Franklin is coordinating the design with Australian engineering and design consultants. He has over 10 years experience in other gold treatment plants both in Ecuador and abroad, including Australia. Franklin has also worked on oilfield construction projects in Ecuador.
Julian McDermott
Senior Project Geologist
Julian joined the Zaruma Project Team from Australia, where he studied Geology at the University of Technology. He had previously been working in Zaruma at the Minanca Gold Mine as Exploration Manager for De Beira Goldfields. He has also worked for Wheaton River as a contract geologist at Peak Gold Mines. Additional experience includes periods at Geopeko’s Mount Carrington Gold Mine, 2 years with Pasminco, 4 years as underground mine geologist at Glencore’s CSA Mine, and as a mining analyst for Hartley Poynton in Brisbane.
Franz Zerarac
Chief of Security
Franz has been with Dynasty approximately 2 years. He is responsible for coordinating security for all the company's business in Ecuador and overseas. Being conversant in 5 languages and having worked on most continents, his experience is invaluable. He is familiar with the environment and politics in Ecuador and its neighboring countries. Franz has formed and is training Ecuador's first ever a mine rescue team .
Paola Aguilar
Metallurgist
Paola has recently joined the Zaruma Project Team at the Portovelo Pilot Plant as a metallurgist.
*The technical information relating to the Zaruma property was disclosed by the Company in news releases which are available for review on the SEDAR website at www.sedar.com under "Dynasty Metals and Mining Inc."
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Overview
Zaruma
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