Golden Star Announces Wassa Mill 2 Repairs Completeadmin
Golden Star Resources Ltd. announce that the pinion gear assembly on Wassa’s Mill 2 ball mill that experienced mechanical failure in late August has been repaired and the Mill has been recommissioned. Testing of Mill 2 commenced ahead of schedule on October 20, 2008 and ore feed began on October 21, 2008. The Mill is now operating at 100% capacity.
High grade ore continues to be delivered from the Benso mine to the Wassa mill. Since commencement of ore transportation in August, Benso ore shipments to Wassa have progressively increased and, as of October 20, 2008, 81,000 tonnes grading approximately 4 g/t (grams per tonne) gold have been delivered to the Wassa stockpile. The ramp up of ore transportation has proceeded as planned, having averaged over 2,400 tpd (tonnes per day) for the month of October to date. As we initiate night shift haulage in November, it is expected that the ore haulage rate should increase to an average of over 3,000 tpd.
Tom Mair, President and CEO said: “Thanks to the fine efforts of our team at Wassa, we were able to repair the pinion gear and recommence Mill 2 operations in the shortest possible time span. The Wassa team also initiated ore haulage operations from Benso to Wassa three weeks ahead of schedule. With Wassa resuming full production, the benefit of the increased haulage of high grade Benso ore to blend with the Wassa ore, and the bulk of the HBB capex spent, we anticipate significantly larger cashflow contributions from Wassa to Golden Star.”
Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which owns the Bogoso/Prestea and Wassa open-pit gold mines and the Hwini-Butre and Benso properties in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 236 million shares outstanding.