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Ascot Mining triples milling capacity at Chassoul Gold project in Costa Rica

Monday, November 1, 2010

Ascot Mining, a U.K.-based holding company for gold mining companies in Costa Rica, said it has tripled milling capacity at the company's Chassoul Gold project in Costa Rica and that mine development is proceeding well and on schedule.

Ascot said the expanded plant is functioning well, and throughput at the mill is increasing toward its expanded design capacity of 150 tons per day with gold production targeted to reach 1,200 ounces of gold per month within 60 to 90 days.

In August the firm said it was very near completion of its expansion program at the Chassoul mine which when finished will triple capacity of the milling facility.

Original source: Dow Jones