GOLD + SECONDARY MINERALS Below is an historical ( snapshot ) of other minerals
found in, Galloway deposit.
As mentioned in former post -
using a 1 gram averaging - it would take 43.5 tonnes
= 1 oz gold ( using 90% recovery )
Let's pull forward the - Aluminum -
I'll only use the 6% Al figure even though 7.8% shows
2200 ( lbs in 1 tonne )
x 6%
= 132 lbs of, aluminum per each tonne ( hypo )
x 34.5 tonnes ( every 1 oz gold mined )
132 aluminum lbs
= $4,554 lbs
= 2+ tonnes of Aluminum
What does Aluminum fetch per tonne ( spot )
AluminiumCommodity
$2,379.85
https://markets.businessinsider.com/commodities/aluminum-price
So, 2 tonnes of aluminum...
$2,379
x 2
= $4,759.97
Twice as valuable as 1 oz of gold for every 34.5 tonnes
GOLD MINERS + WITH A VANTAGE
I find that gold miners who also have - battery minerals
fair far better -
they have not only gold but a hedge with their gold,
using battery metal secondary mineral credits.
Is aluminum considered a battery metal ? Al-air batteries function similarly to a fuel cell. It uses aluminum at the anode and oxygen at the cathode. The result is a much higher energy density. Around eight to nine times greater than current lithium-ion batteries used in EVs, a substantial power increase.Oct 13, 2022
And this is why...
a gold deposit such as, Galloway....
Should see a sharper pencil on - economics.
Sifting the ores with better assaying, finding out,
if there are other mineral credits that could add to the
overall profits...
- nickel
- cobalt
- moly ( historicals mention, there's molybdenum )
- aluminum
- iron
I know what i would do...
I'd be pulling a few cores and retesting...
Looking to reduce the - $35/t cost.
using secondary credits + river green energy
GALLOWAY GOLD - HISTORICAL - ORE GEOLOGY - 13.3 - PAGE - 49
Galloway gold project is associated with disseminated sulphides (pyrite, chalcopyrite, and molybdenite) and minor veining in strongly altered rocks. The gold mineralization is hosted in Archean volcaniclastic rocks and minor felsic dikes. It is bounded to the south by Proterozoic sedimentary rocks of the Cobalt Group and to the north by Archean mafic volcanic rocks. Page 81 - Cobalt - 13 ppm - 23 ppm
Page 81 - Chromium - 75 ppm - 131 ppm
Page - 81 - Barium - 494 ppm - 1390 ppm -
Page 81 - Aluminum - 6% - 7.8 %
Page 82 - Molybdenum - 37 ppm - 102 ppm
Page 82 - Magnesium - 1% - 2.35%
Page 82 - Nickel - 21 ppm - 25 ppm
Page 82 - Manganese - 383 ppm - 933 ppm
Page 82 - Iron - 4.4% - 5.1%
Page 82 - Lathanium - 49 ppm - 101 ppm
Page - 82 - Copper - 284 ppm - 718 ppm
Page 83 - Titanium percentages = .14%
LINK - https://s3-us-west-2.amazonaws.com/logic-shops/bd68d89a-8930-4d66-8d52-38b2bf28ddab.pdf