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PanTerra outlines plans for precious metals processing facility in Dominican Republic

PanTerra Gold Ltd.said April 26 that it held discussions with senior executives of the Ministry ofEnergy and Mining in the Dominican Republic to use the company's Albion/carbon inleach processing plant in the country, once gold and silver extractions from thegovernment's refractory tailings at the Las Lagunas project are completed in mid-2019.

The company will make applications to establish a precious metalsprocessing facility. The proposed plant will have an annual capacity of 100,000tonnes of refractory concentrate to be purchased as feed for the processing facility,with an initial focus on concentrate produced from mines within the country.

Operating at 100,000 tonnes per annum throughput rate, with atypical 50 g/t of gold content in the concentrate, gold production from the plantis expected between 100,000 ounces and 125,000 ounces per year.

PanTerra noted that provisions would be made to introduce anappropriate Dominican investor to take up a minority shareholding in the new company.

The company is hoping to secure the necessary permitting by theend of 2017. Otherwise, PanTerra will relocate the plant to one of several potentialprojects in Cuba, China or Peru.