OTCPK:DRLDF - Post by User
Post by
R_J_on May 09, 2017 1:43am
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Post# 26219512
News - Processing Achieves Higher Grades & Recoveries
News - Processing Achieves Higher Grades & RecoveriesProcessing of Dalradian's Curraghinalt mineralized material achieves higher than expected gold grades and recoveries [ 3-page PDF ]
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https://s1.q4cdn.com/162468244/files/doc_news/DNA_PR-May-8-2017-Milling-Update-FINAL.pdf -
Louis James Comments Quote:
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This is excellent, value-adding news from Dalradian; more gold in the rock than modeled is obviously great, but recovering more than modeled is just as important.
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It’s also where more new mines fail.
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The milling was handled by a third party, as Dalradian’s own mill hasn’t been built yet.
That’s another potentially positive factor, as Dalradian’s own mill will be optimized for Curraghinault ore. -
Whether or not that brings even better performance, the current results should improve the numbers in the updated feasibility study the company is working on, which should enable the company to secure project financing on better terms.
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In short, this is about as good a result as we could have hoped for. -
End Quote.
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Another News Release:
Dalradian reports Q1 2017 results -
News Release [ 8-page PDF ]
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https://s1.q4cdn.com/162468244/files/doc_news/DNA_PR-May-5-2017-Q1-update-FINAL.pdf -
Financial Statements [ 13-page PDF ]
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https://s1.q4cdn.com/162468244/files/doc_financials/2017/2017-Q1-DNA-FS.pdf -
MD&A [ 24-page PDF ]
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https://s1.q4cdn.com/162468244/files/doc_financials/2017/2017-Q1-DNA-MDA.pdf -
RJ