Post by
nozzpack on Sep 03, 2024 5:07pm
Ming Mine History Suggests Valuable Tailings
During the mine’s last year of operation in 1982, the mine produced 2.1 million tons of ore grading 3.5% Cu and 2.5 g/t Au over 10 years. The Ming West Mine operated between 1995 and 1996, producing 271,000 tons grading 4.0% Cu and 5.8 g/t Au. Mining ceased when workings reached a neighbouring property boundary.
Copper recoveries we're about 90 % and gold recoveries about 70 %.
Those grades and recoveries indicate that the Tailings in Nugget Pond are quite rich.
The Nuggett Pond mill, upgraded , will be able to run in parrellel with Firefys Nuggett Pond Copper- Gold mill.
Concurrent Rehabilization and mining of tailings via mining extraction is becoming very good business at current gold prices.
This is just another example where Joint consolidation of assets and Resources could be mutually beneficial with robust economic returns for both Firefly and Maritime.