Good news from $SGO.v / $SMOFF yesterday Good news from $SGO.v / $SMOFF yesterday, they have released the results of the metallurgical testing from their Cerro Caliche column.
Testing was done in McClelland laboratories in Nevada, over 4,700 kilograms of mineralized material was tested. Column leach test gold recovery obtained at the 80% minus 12.5 mm feed size averaged 74% over approximately 90 days.
To quote the article here are the key findings:
- All of Cerro Caliche’s 43 variability composites and nine column composites contained little or no sulfur and little or no organic carbon with no signs of refractory behavior or preg-robbing observed during testing.
- Column testing on nine major composites confirmed heap leach amenability at both minus 50mm and 80% minus 12.5 mm feed sizes.
- No solution percolation, fines migration or solution channeling problems were encountered with little to no ‘slumping’ of ore charges occurring during leaching.
Highlights as well include:
- Head screen analyses showed that the column composites contained between 0.19 grams of gold per tonne (“g/t Au”) and 1.54 g/t Au with an average of 0.58 g/t Au average.
- Average silver grade for the column test composites was 5 grams of silver per tonne (“g/t Ag”) and owing to the low silver grade nature of the composites and low recoveries silver recovery data is considered semi-quantitative.
https://ml.globenewswire.com/1.0/snippet/928/eng#lg=1&slide=0
“We are pleased that the average recovery rate obtained from these definitive tests exceeds the projected 72% recovery rate used in the Company’s July 26, 2019, NI 43-101 Technical Report1 which provided the project’s maiden mineral resource estimate. We’re also pleased that the tests demonstrate similar positive metallurgical recoveries across the entire resource area.” Stated Kenneth Macleod president and CEO of $SGO.v / $SMOFF
Really stoked on these results its great news for $SGO.v / $SMOFF shareholders seeing a tiny dip today but im not worried after news like this I’ve got a good feeling its about to pop off IMO.
$SGO.v / $SMOFF at $0.29 a share $29.7M market cap