OTCPK:MEAOD - Post by User
Comment by
JRaffleson Apr 12, 2012 8:22am
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Post# 19784513
RE: Blast from the past....where is it now?
RE: Blast from the past....where is it now? ..... patience.... the December 2011 MD&A indicated that the boffins are making excellent progress ...... this could probably the gold mining equivelant of natural gas fracking, but cleaner.
MD&A December 2011 - Following encouraging results from a 20kg sample, a bulk sample of 5 tons of Barry ore is now being tested at Nichromet labs. The first test converted 3gt ore sample into a 40gt concentrate. However, this was at the cost of a 60% recovery of gold from the sample. The aim seems to be to target an 80% gold recovery.
There should be cash flow and further pilot sample tests by December 2012 to enable the board to make a decision on this project.