Re: KRY annual info relase from sedar
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posted on
Apr 03, 2008 12:25PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
it takes a minute for the document to pop up, be patient....someone was asking about tomi production the other day...heres a piece..
Production from the Tomi deposits was 21,988 ounces in 2007, a 47% decrease from 41,638 ounces
produced in 2006. Lower production in 2007 primarily reflects the near depletion of the Mackenzie and Fosforito
open pit deposits (as evidenced by higher strip ratios and lower ore grades), coupled with fewer tonnes mined from
underground due to poor drill availability. The strip ratio (the ratio of waste mined to ore mined) at the Tomi open
pits increased to 16.0:1 in 2007, up from 10.0:1 in 2006 and 6.3:1 in 2005. The higher strip ratios are due to mining
from deeper pits and the timing of the push back of the pits, which resulted in removing most of the waste in 2007 to
uncover ore to be mined in 2008. Only 96,000 tonnes of ore were mined from the Tomi open pits in 2007, as
compared with 228,000 in 2006, (however this was partially offset by increasing the mining rate at the La Victoria
deposit – see Lo Increible Properties below).
The Fosforito open pit was depleted in early 2008 and it is forecast that the Mackenzie deposit will be
depleted by mid 2008. A drill program aimed at determining the feasibility of expanding the Fosforito pit was
completed in the first quarter of 2008. A resource model is expected to be available during the second quarter and an
assessment of the expansion economics will be undertaken.
The Corporation continues to develop a regional exploration program targeting Tomi and adjoining
concessions in an effort to extend the life of the El Callao operations beyond 2008. A total of 10,442 m of diamond
and reverse circulation drilling was completed in 86 bore holes in the exploration of 3 target areas in the Tomi
property in 2007.
An additional 3,211 m of underground diamond drilling was completed in exploration of the down-plunge
extension of mineralization in the Tomi Underground Mine in 2007. Ramp development was stopped while the
underground exploration drill program was underway. Production from the current level is expected to continue until
early in the second quarter of 2008. Upon completion of the drilling, an updated resource estimate will be produced
and the feasibility of deepening the mine will be assessed. The Corporation has not determined at this stage if it is
economically viable to continue operating the Revemin mill with ore coming only from the underground mine. The
underground mine can produce approximately 200 tonnes of ore per day, while the mill capacity is 1,000 to 1,200
tonnes per day. Accordingly, as noted above, an exploration campaign is underway aimed at finding new sources of
open pit ore.
Mineral Reserves
There are no NI 43-101 compliant mineral reserves to report for the Tomi