New Carolin plans to capitalize on gold tailings near Vancouver
|Carolin historic gold mine. Image credit: New Carolin.|
(Kitco News) - New Carolin Gold (TSXV:LAD) (OTC:LADFF) today reported that recent metallurgical testing of samples from tailings at its Ladner project, located not far from Vancouver, B.C., confirmed that a significant gold concentrate could be produced by regrinding the tailings to a finer size and utilizing conventional flotation.
The tests were performed by Met-Solve Laboratories of Langley, B.C., a full-service mineral processing laboratory and metallurgical testing facility.
This most recent work was performed on material with an assay head grade of 1.45 gpt Au. By applying a multi-stage rougher flotation procedure on the material, up to 75.9% of the gold was recovered into the rougher concentrate. A three-stage cleaning process of a rougher concentrate was able to generate a final cleaner product with a grade of 66 gpt Au.
The average grade of the Indicated Mineral Resource in the company’s tailings deposit is, in fact, 1.83 gpt Au. Thus, assuming a similar concentration ratio, the company’s management is hopeful that, on average, an even higher-grade concentrate may be achieved.
Given the successful completion of the concentration testing, management plans to undertake further engineering and logistical work to optimize the recovery process and to evaluate the overall economic potential of reprocessing the tailings deposit.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of its 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the Ladner gold project. The project is located near Hope, B.C., in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin mine, Emancipation mine and Pipestem mine, and numerous gold prospects.