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Canadian Gold Corp V.CGC

Alternate Symbol(s):  STRRF

Canadian Gold Corp. is a mineral exploration and development company. The Company’s principal project is the Tartan Lake Gold Mine Project, a mineral property which hosts a past-producing underground mine. The Tartan Lake Gold Mine Project is located approximately 12 kilometers (km) directly northeast of the town of Flin Flon, Manitoba, Canada. The Project is approximately 2,670 hectares in area and consists of 20 mineral claims. The operation consisted of a 450 ton per day gold processing facility. The Company also holds a 100% interest in green field exploration properties in Ontario and Quebec adjacent to some of Canada's gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). Located due south of Agnico Eagle’s Hammond Reef Gold Project, the Hammond Reef North and South Projects are prospective for large tonnage, low grade gold deposits.


TSXV:CGC - Post by User

Bullboard Posts
Comment by clestoron Mar 15, 2012 12:25am
186 Views
Post# 19672248

RE: RE: SATORI SEEKS TO RECOVER GOLD FROM TAILINGS

RE: RE: SATORI SEEKS TO RECOVER GOLD FROM TAILINGS

I heard they have an agreement with a party that handles all logistics, etc. and basically sends a share of the profits to BUD.  I think this other party trucks the tailings to the US . . . and I suppose they have some toll milling arrangement with a 3rd party that has a roaster. 

They don't need a roaster . . . just rebuild the old mill . . . crush/grind, gravity, flotation, cyanide leach as before.  At today's gold price . . . Tartan Lake would be very profitable even if they only achieve 85% recovery and let the refractory go into the tailings.

I am more concerned about the size of the resource.  They need to increase measured and indicated.  I don't know what drilling costs are at Tartan Lake, but probably makes sense to dewater the mine (maybe only partially) and drill from underground which is much cheaper.

Bullboard Posts