Standard Tolling Crushing Circuit Commissioned and Update
05.06.2015 | FSCwire
White Rock, British Columbia (FSCwire) - Standard Tolling Corp. (TSX-V: TON, Frankfurt: GA0, “Standard Tolling” or the “Company”) announces that the crushing circuit has now been fully commissioned and the Company is now purchasing ore for inventory. The Company anticipates that inventories will take several months to build. The Company has also secured some lower grade material, at a compelling price, which will be used to commission the processing plant anticipated to commence on July 1st. Valuable high grade material being stockpiled now will be processed upon reaching reasonable operating thresholds.The crushing circuit is capable of receiving 350 TPD of ore, despite the plant’s processing capacity restraint of 100 TPD. This will allow the Company to receive large shipments without bottlenecks and allow the Company to build inventories on an expedited fashion. The chemical laboratory is under construction and is anticipated to be operational within 14 days. This will allow the ore purchase team to accelerate delivery schedules as turnaround times improve.
Security protocols and communications systems are being installed now and negotiations on the potential power installation from the national grid are ongoing.
Leonard Clough, President and CEO comments, "Our achievements to date are a reflection of Standard Tolling’s commitment to attracting industry leading talent in absolutely every aspect of our organization. Albeit, it has not been without its' challenges, Edgar Barrios and Jhony Espinoza are providing solid leadership. We are hitting our aggressive milestones for construction while finding creative ways to deliver savings initiatives, only achievable through hands-on daily management at site. Our ore purchase operations team is also succeeding, by developing effective systems in dealing with our customers. This is a complex process but there remains great demand for our toll milling services which are improving by the day."
About Standard Tolling Corp.
Standard Tolling is currently constructing a 100 TPD custom gold processing plant in order to service the local mining communities of Northern Peru. The Company will purchase ore from government permitted small-scale miners and formal mining companies permitted under a Certificate of Mining. The Company will then process the ore and sell gold dore. The plant is located within a prolific gold belt with close proximity to Rio Alto’s La Arena gold mine. The Company is well funded and is on track to commence operations by July 2015.
ON BEHALF OF THE BOARD
“Len Clough”
Mr. Len Clough, Chairman, President, CEO and Director
For further information please contact:
Standard Tolling Corp.
Tel: 866-222-5820 ext 101 for John Martin
Email: info@standardtolling.com
www.standardtolling.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur and include, without limitation, statements regarding the Company’s plans with respect to statements about the Company’s ability to fund and execute the proven ore processing business model outlined in this news release. Although Standard Tolling believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Source: Standard Tolling Corp. (TSX Venture:TON, FWB:GA0)
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