OTCQX:NTGSF - Post by User
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dollardazeon Feb 15, 2019 12:26pm
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ARTICLE - North of 60 Mining News
ARTICLE - North of 60 Mining NewsLatest article from North of 60 Mining News
Highlights:
- Produced two concentrates from roughly 600 metric tons of bulk sample processed during the 208 Q4.
- From the first concentrate 365 troy ounces of gold and 34 oz of silver were recovered.
- The second concentrate of 658.1 kg is currently being held in inventory awaiting processing.
- This sampling represents about 6% of the 9,800 tonnes of bulk sample material stockpiled during the 2018 season.
- The company anticipates recovering at least 85% of the contained gold in these two concentrates.
- Sampling program is to (1) reconcile actual grade against grade predicted by drill results, (2) confirm the pattern of gold distribution, (3) improve metallurgy, and (4) improve understanding of rock mechanics.
- Overall projected grade for 2018 bulk sample is estimated at 20 g/t gold. The 9,800 tonne sample would hold 6,300 oz of gold yielding 5,355 oz assuming a 85% recovery rate.
- Approximately 20 % of the 2018 bulk sample was transported to the Watson-based processing facility before year-end. The remainder is to be transported in the coming months and be processed into the 2019 Q3. Results and progress reports to be produced monthly beginning in April.
- An additional 10,000 tonnes of bulk sample is slated for 2019. This material will be processed at the company's Watson facility following the 2018 sample and is expected to be completed by 2020 Q3.
- Processing the bulk sample benefits the local community through jobs and invested in the Yukon.