Rio2 announces official start of construction of Fenix Gold Mine

The Fenix Gold Project is one of the largest undeveloped gold oxide, heap leach projects in the Americas, hosting a measured and indicated mineral resource of 4.8 million ounces of gold which the Rio2 believes will make a positive contribution to the Atacama Region and Chile.

The project is an example of modern gold mining where a full complement of technical, environmental, and social considerations has been consulted and designed from the outset. The project represents a significant investment in the gold mining business in Chile by a junior mining company of approximately US$235 million of initial and sustaining capital, generating employment for at least 1200 people during the construction phase, and 550 people during the 17-year operations phase.

The mine being contemplated will be a run-of-mine heap leach operation; no crushing or tailings storage facilities are required, thereby minimising the overall impact and footprint of the project.

Read the article online at: https://www.globalminingreview.com/mining/11022025/rio2-announces-official-start-of-construction-of-fenix-gold-mine/