Modern Mining August 2016

MINING News

Galane approves US$2 million investment in Galaxy float section, a new gravity separation section and re-establishment of the elu- tion plant.

over 60 000 ounces per year at Galaxy. “It is an exciting time for Galane as we start to see the fruition of all the hard work we have put in over the last five years to reshape the company into a long-life and low-cost operation that can produce positive returns for investors across com- modity cycles.” The Galaxy gold mine is located approximately 8 km west of the town of Barberton and 45 km west of the provin- cial capital of Nelspruit (Mbombela) in South Africa’s Mpumalanga Province and covers an area of 5 863 ha. The mine com- prises 21 east-west trending gold bodies and four prospects at 600 – 2 000 m depth. Currently, over 75 historical adits exist within the mining area. Galaxy’s existing processing facilities consist of a south plant comprising crush- ing, milling, flotation, elution and smelting sections and a north plant equipped for biological oxidation and leaching of flota- tion concentrate. 

Galane Gold, which is listed on the TSX-V, and owns and operates the Mupane gold mine near Francistown in Botswana, has approved a US$2,0 million capital expen- diture programme required for the first phase of the recommencement of produc- tion at its Galaxy gold mine in South Africa, up to a target of 60 000 ounces per annum. Galane anticipates that the first phase will take six months to complete and will be funded from internal cash flows pri- marily from the company’s core operation, Mupane, where an underground operation has now been established to mine the Tau orebody. The first phase of the capital project is designed to refurbish existing infrastruc- ture and upgrade the processing facility to take production to 18 000 ounces per annum. It covers the following steps:  The refurbishment of the existing 15 000 tonnes per month processing plant which will include the installation of a new crusher, remedial work to the

 The construction of a new 25 000 tonnes per month CIL tailings retreat- ment plant within the current footprint of the existing processing plant.  The recommencement of underground mining at Woodbine, Agnes and Ivy on 17 level using conventional shrink stope mining.  The commencement of tailings recov- ery by sluicing at the Woodbine and Hostel dumps. “The second major goal for Galane this year is to recommence production at Galaxy,” says Galane Gold CEO Nick Brodie. “Having achieved our first goal to commence mining in the main orebody at Tau, management of the company can now concentrate on the implementation of the first phase of this project at Galaxy. This first phase forms a core part of our long-term strategy to target production of

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August 2016  MODERN MINING  19