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Alacer: First Oxide Ore Processed In New Plant

Kitco News

Alacer Gold Corp. (TSX: ASR; ASX: AQG) announces that processing of the first oxide ore through the crushing and grinding circuit at the newly constructed Çöpler sulfide plant occurred over the past weekend. The remainder of the plant, including the acidulation, pressure oxidation and counter current decantation circuits, will be started once the sulfide circuit commissioning is complete and the oxide circuit is fully operational and stabilized, Alacer says. Alacer has an 80% interest in the Çöpler Gold Mine in Turkey.

By Allen Sykora of Kitco News; asykora@kitco.com

 

First Cobalt Acquires 100% Ownership of Iron Creek Project

Tuesday September 4, 2018 9:13

Company officials report that First Cobalt Corp. (TSXV, ASX: FCC) is now owner and has eliminated an outstanding royalty on the Iron Creek property in Idaho. The company previously leased the property. First Cobalt acquired the property for a one-time $1.07 million payment to the leaseholder. As of June 30, First Cobalt says it had a cash balance of $20 million and an additional $2 million in current assets. The company says it is fully financed to complete all current work programs, including more than 30,000 meters of drilling to further test cobalt-copper mineralized zones.  “Our outlook for the Iron Creek project was instrumental in the decision to eliminate the outstanding royalty and acquire 100% ownership of the project at this time,” says Trent Mell, president and chief executive officer. “Drilling has identified two broad zones of cobalt-copper mineralization that extend well beyond the historic resource area.” He adds that First Cobalt anticipates releasing preliminary metallurgical work and a maiden resource estimate for Iron Creek in the next few weeks.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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