Dhanoa Minerals Ltd (OTCBB:DHNA - News; FWB:D7Z) announced that it has increased the size of its labor force to 180 miners to increase gold and silver production at its mines in southern Ecuador. The increase in labor is part of an overall expansion and modernization project, which will increase the company's gold and silver production in all of the Dhanoa mining properties.
In a further effort to modernize operations and increase production, Dhanoa Minerals is planning for underground expansion and open pit mining. Dhanoa will utilize its recently acquired "Spanish Plant", a centralized modern processing and refinery plant, to increase the processing of ore into refined gold and silver.
At the company's Bonanza property, vertical extent is a little more than 1000 feet. The continuity of gold vein systems runs horizontal as well as vertical. This indicates that underground expansion and development is feasible and profitable.
"We believe that more miners are an integral part of our modernization and expansion plans, and will significantly increase production at our mines," said Mr. Lee Andrew Balak, President of Dhanoa Minerals. "We increased our labor force, and expanded our infrastructure to accelerate our growth. We also purchased new equipment as part of the modernization program. We will soon be able to announce an increased security system, including the installation of video security cameras throughout the refining areas as an added precaution."
Source : biz.yahoo.com
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