Concessions and Permits
On November 7th, 2013, The National Assembly approved Law No 92, whereby the mining concession contract for the extraction of gold and other metallic minerals granted by the government of Panama to Vera Gold Corporation was elevated to a Contract Law (Ley No 92, published in the Official Gazette No 27410).
This contract law enables Veragold to obtain concessions for exploration and/or the exploitation of metallic mineral reserves (gold and others) in a 50 km radius around the Santa Rosa concession.
Gravity
- Produces the highest grade concentrates
- Economical technology but recoveries are lower
Leaching
- Better recoveries than gravity, but still marginal
- Uses cyanide
Flotation
- Best overall recoveries on all ore types
- Good upside potential
The Best Technology
- Flotation provides the overall best results
- Applicable to both the heap leach residue and the insitu core from each deposit
- Although implementation of the technology is more costly, the metallurgical performance overrides the increased cost
- Environmentally falls between gravity and leaching, but still environmentally safe and does not use cyanide
Paste Thickening
- Eliminates Waste Pond
- High Water Recovery
- Reduces Waste Volume
- Remaining Water Evaporates Quickly
- Ability to Dry Stack Tailings
- Eliminates Possibility of Dam Failure
Additional Drilling
- In Progress
- Evaluating additional resource close to existing operation
