Alacer: First Oxide Ore Processed In New Plant
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 Ă‡Ă¶pler 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 Ă‡Ă¶pler Gold Mine in Turkey.
By Allen Sykora of Kitco News; firstname.lastname@example.org
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.Â “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.