Otso is currently processing approximately 4,000 tonnes of ore a day and blasting ore in mining areas four times a week, as it ramps up towards name plate capacity of 6,000 tonnes of ore a day.
The company expects to sell the first gold dore from the site over the next week.
The Otso gold mine is a fully permitted, open-cut operation with a 2 million tonne per annum gold processing facility.
The current mine plan indicates a target grade of 1.54 g/t, 6000 tonnes per day and a strip ratio of 3.26:1, as confirmed by a technical report released in August 2021.
A full economics and growth strategy will be included in the feasibility due Q3 2021. Target production is 90,000 ounces and an overall plant efficiency of 92%.
During the past month, the company has completed 6,000 metres of grade control reverse circulation drilling to underpin detailed mine planning.
Shares of Otso Gold gained 6.6% by 12:20 p.m. EDT Thursday, continuing its rally from the previous trading day.
The emerging gold miner has a market capitalization of C$72.3 million.
