Trek Mining, the TSX listed exploration company, has announced that it has received an expansion permit at its flagship gold mine in Brazil.
The Aurizona Gold Mine, a past producing gold mine with significant infrastructure, is located in Northeast Brazil, was a gold producing operation between 2010 – 2015.
Trek Mining has an overall ambnition to become a mid-tier gold producer by 2020, and through the significant development of the Aurizona mine will be key in achieving that.
“Receipt of the Aurizona License to Install permit is an important milestone for Trek Mining,” said Christian Milau, CEO of Trek Mining. “We now have the permits and the funding, after completion of the Equinox Gold merger, to construct the Aurizona Gold Mine and are on track to achieve production by the end of 2018. We look forward to transitioning from a developer to a gold producer and creating value for all of our stakeholders."
Trek Mining completed a feasibility study at the site in July 2017, which outlined the design of an open-pit gold mine producing an average of approximately 136,000 ounces of gold per year with an initial 6.5-year mine life, for total life-of-mine production of 885,700 ounces of gold.