Friday, June 12, 2009

Used Mining Equipment for Sale: La Colosa Porphyry Gold Project in Colombia

In the city of Bogota in Colombia, used mining equipment for sale are apparently hot as project proponents of the La Colosa porphyry gold project are setting up operations. The La Colosa porphyry gold project's drilling and resource modelling is defined as a porphyry system with a grade of more than 0.3g/t Au extending over a strike length in excess of 1,500m. It has an inferred mineral resource of 381.4Mt at 1.00g/t Au for 12.3 million ounces of gold at a gold price of $1,000 per ounce and a lower cut-off of 0.3g/t Au.

In the photo, you will see a drilling activity. Used mining equipment for sale are now widely considered to save on equipment procurement and maintenance costs.

MSloane Consulting
can help you assess whether brand new or used mining equipment is best for a particular mining function or for an entire project based on your financial position, project life cycle, and post-project equipment valuation, asset liquidation and disposition scenarios.

AngloGold Ashanti explored the site in 2006, followed by initial JORC-compliant resource estimation in May 2008. AngloGold announced an initial inferred resource of 468.8 million ounces at 0.86g/t gold totalling 12.9 million ounces.

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