La Colorada is currently producing gold through residual leaching after its previous operator stopped mining in late 2023, when it failed to complete the pre-strip project to expand the existing Creston Pit. Since acquiring the mine last month, Heliostar has been evaluating a potential restart using previously stockpiled material.
The restart plan revolves around the Junkyard Stockpile, a historic waste rock storage facility named after mining equipment stored on the site. The stockpile is located approximately 800 metres southwest of the La Colorada crushing circuit, and contains material and used mining lamps that was mined from the Gran Central Pit in the mid to late 1990s.
Earlier this year, the company initiated an evaluation of the Junkyard Stockpile, consisting of drilling, resource modeling and metallurgical testing. The results of this program, along mineral expansion drilling at the Creston Pit, are to be incorporated in a technical report due in January.
The planned restart would initially augment and then replace the current gold production from residual leaching at the mine, said Heliostar.
La Colorada is currently producing gold through residual leaching after its previous operator stopped mining in late 2023, when it failed to complete the pre-strip project to expand the existing Creston Pit. Since acquiring the mine last month, Heliostar has been evaluating a potential restart using previously stockpiled material.
The restart plan revolves around the Junkyard Stockpile, a historic waste rock storage facility named after mining equipment stored on the site. The stockpile is located approximately 800 metres southwest of the La Colorada crushing circuit, and contains material and used mining lamps that was mined from the Gran Central Pit in the mid to late 1990s.
Earlier this year, the company initiated an evaluation of the Junkyard Stockpile, consisting of drilling, resource modeling and metallurgical testing. The results of this program, along mineral expansion drilling at the Creston Pit, are to be incorporated in a technical report due in January.
The planned restart would initially augment and then replace the current gold production from residual leaching at the mine, said Heliostar.
