Golden Predator bulk samples 29.65 kg Au from 3 Aces
GOLDEN PREDATOR Mining Corp. has provided the reconciliation from the bulk sample program at the 3 Aces project in southeast Yukon, which yielded 29.654 kilograms (953.4 troy ounces) of fine gold from 776 metric tonnes processed. The average calculated grade of the bulk sample was 46.18 grams per tonne (g/t). The bulk sample was processed solely by the company using conventional gravity recovery methods (crushing, grinding, sluicing and shaker tables) and has provided valuable technical information, and effectively demonstrates that gravity processing is sufficient to obtain high gold recoveries without the use of chemicals or elaborate equipment.
(See GPY Table 1 on page 13)
Of the total metal recovered from the bulk sample, 671 troy ounces of gold has been sold for proceeds of $865,446 (U.S.). The company retains 256 troy ounces of fine gold on account with the refinery and 19.5 troy ounces in process at company facilities. The remaining 6.9 troy ounces were retained by the refiners and the smelter for their services.
Assuming an average gold content of eight g/t in the tails, the resulting recovery rate is 83 per cent from a simple gravity recovery circuit. Additional testing by Met-Solve Laboratories Inc. has indicated that up to 75 per cent of the remaining gold in the tailings can be recovered with additional gravity processing using an inexpensive Falcon concentrator. Total gravity recoverable gold is expected to be approximately 95 per cent.
“These metallurgical characteristics have important positive consequences for 3 Aces. We can see the potential for low-cost, on site, environmentally friendly processing which could contribute to improved economics and fewer environmental hurdles,” said Janet Lee-Sheriff, chief executive officer. “While the proceeds from gold sales are welcome, the overriding importance of the bulk sample program is the scientific information, especially the understanding of the metallurgy of the high-grade material from the Ace of Spades vein.”
We seek Safe Harbor.
Erika Flores condensed this news release (firstname.lastname@example.org).
Dennis Fentie, Richard J Goldfarb, William B Harris, Anthony Lesiak, William Morris Sheriff, Stefan Spears, Bradley Glen Thiele
(GPY) Shares: 94,373,210