Re: La Yesca
posted on
Aug 03, 2009 12:10PM
and then nothing... not a word about it like it never happened. In fairness to UC though they had started running the mill with the purpse of testing all of the plants components. Maybe something went wrong that wasn't communicated out very well.
The updates indicated things were moving along well though.
http://www.ucresources.net/investors/latest_news_release/2007/index.php?&content_id=120
http://www.ucresources.net/investors/latest_news_release/2007/index.php?&content_id=122
http://www.ucresources.net/investors/latest_news_release/2007/index.php?&content_id=123 (this is where they indicate they plan to pour its first DORE bar in mid to late March, 2007)
http://www.ucresources.net/investors/latest_news_release/2007/index.php?&content_id=129 (mid march NR and no more mention of the DORE bar. Starting to get a feel though that the recovery rates could be better)
http://www.ucresources.net/investors/latest_news_release/2007/index.php?&content_id=130 (200 tpd target reached. Talk about selling DORE bar to local companies and profits used for working capital. Problems pointed out on the filtration system. )
Then that's it really. No more updates focused on La Yesca for a long time. This also happens to be close to the period of the change in Board of Directors and then enters Jim Voisin. So other issues were obviously going on. As well NR's are coming out about ROF.
Shortly there after this release updating the companies projects. La Yesca not at a commercial production level. They need to determine the changes needed to meet that level and are commited to doing so. It also reviews whats been done so far.
http://www.ucresources.net/investors/latest_news_release/2007/index.php?&content_id=154
These are the highlights to La Yesca that are easily found on the companies website. Some very knowledgeable folks in this forum can help fill in the blanks. We have some excellent posters here.