Veris Gold Corp. announced that a record 18,081 oz of gold were produced for the month of October at its Jerritt Canyon gold mines and processing facility in Elko County, Nevada. During the month of October, the processing plant at Jerritt Canyon averaged 4,015 tons per day (t/d) of Jerritt Canyon ore with an average recovery rate of 86%. The improvement in the grade processed, from 0.15 oz per ton (oz/t) in September to 0.17 oz/t in October, contributed significantly to the record monthly production achievement. These results highlight the continued growth and improvements happening at the property, according to the company.
In related news, on October 23, Veris officially opened the Saval 4 gold mine. Late in the second quarter of 2014, the company recommenced development of Saval 4, the fourth operating underground mine at Jerritt Canyon, with pre-production occurring in July. The company plans to mine the Saval 4 using existing equipment and crews at a scheduled mining rate between 250 and 300 t/d grading approximately 0.2 oz/t.