The deposit is expected to generate 75,000 tons of ore per month beginning in January 2012.
The Ghana Stock Exchange listed company has also announced that an exploratory drilling program is underway focused on increasing Pampe’s Proven and Probable Reserves of 191,000 ounces of gold.
Pampe is located 26 kilometers west of the company’s Bogoso processing plant in Ghana.
“The new exploration drilling along the strike extension of the Pampe mineralized trend involves one multipurpose rig and will target the northern strike and the down dip extensions of the gold mineralized zone, which has not been thoroughly tested in past exploration programs,” GSR said in a press release.
“The Pampe pit will supply non-refractory ore to the Bogoso Oxide Processing Plant, increasing overall gold production and lowering overall cash operating costs at the Bogoso/Prestea Mine,” Tom Mair, President and Chief Executive Officer, said.
By Ekow Quandzie