Kalamazoo Resources Achieves Excellent Metallurgy Results at Mt Olympus
THE DRILL SERGEANT: Kalamazoo Resources (ASX: KZR) reported results of initial metallurgical test work carried out on several zones within the Mt Olympus gold deposit, part of the company’s Ashburton gold project Western Australia.
Mt Olympus is a large component of Kalamazoo’s 1.65 million ounces of gold mineral resource at the Ashburton gold project.
Kalamazoo Resources carried out the work to determine whether the Indicated and Inferred 15.12 million tonnes at 2.2 grams per tonne gold for 1.08 million ounces Mt Olympus resource would be amenable to the production of a high-grade gold sulphide concentrate via an industry standard crush-grind-float processing circuit, commonly used world-wide on many refractory style gold deposits.
The test work was also used to confirm results from previous work completed by Northern Star Resources (ASX: NST) in 2011-12, when it owned the Ashburton gold project.
The tests achieved excellent gold recovery into an initial rougher concentrate of up to 94 per cent with gold in concentrate grades averaging 31.8g/t gold across all four composites with a maximum value of 39.2g/t gold.
“We are extremely pleased with this initial phase of metallurgical test work at Mt Olympus which substantially de-risks the potential development of our Ashburton gold project in the Pilbara,” Kalamazoo Resources executive director Paul Adams said in the company’s ASX announcement.
“Given these positive results, we have immediately commenced the next phase of the metallurgical program which will optimise the flowsheet to enhance performance even further.
“The flowsheet was designed to include a multi-phase cleaner process on the initial rougher concentrate.
“This work had not been performed previously and we are encouraged to see the very significant difference that this has made to the final concentrate grade, especially as this work has yet to be optimised and gravity recovery work is still pending.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@kzr.com.au
Web: www.kzr.com.au