Lupaka Gold (TSXV: LPK), Toronto, junior miner dedicated to gold exploration in Peru, reported that it expects to begin commercial production at its gold project Invicta (located 120km north of Lima) in Q3’18.
“The company is in the position to begin production at a 350tpd ratio”, said Will Ansley, President and CEO of Lupaka.
He added that the camp personnel will be increased from 65 to 130 people in Q2 and that recruitment of key employees, including the operations director, mine manager, geologist in chief and mine superintendent, has been completed.
… and publishes the project in SEDAR
The company also reported that has published in the Canadian System for Electronic Document Analysis and Retrieval (SEDAR), the Preliminary Economic Assessment of Invicta.
The PEA notes the viability of building an underground mine able to produce 33,700 EqAu per year at a cost of US$4.3 million.