GoGold Resources Ltd. (TSX:GGD), is pleased to provide an update on its Parral Tailings Project in Mexico. Construction is going extremely well with the heap leach facility approximately 60% complete. Pad preparation is progressing on schedule with liner installation well underway. Power lines are under construction and water wells are prepared and ready for mechanical installation. Approximately 50% of the steel works have been delivered to site and are being constructed with the remaining structural materials arriving over the next few weeks. Overall the project is on schedule and on budget. The company expects to begin stacking ore in April with gold and silver production commencing in May 2014.
Construction of the project continues to go very well and a number of optimizations have been identified from our final engineering and additional detailed test work as well as the final negotiation of operational contracts.
The company looks forward to commencement of production in May 2014 and a further opportunity to increase efficiencies and potential savings as the company ramps up towards commercial production.
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