Claude, oh my gosh, thanks for catching my error on number of shares out on AGD. I am humbled, and don't know where I got that wrong number - maybe wrote 1 instead of 4 in my notes.
In any case, I am perhaps a bit more positive than
on processing of the rock given the news that they released in February on metallurgical tests. Here is an excerpt with the meat of the results:
"Ariane decided to carry out a program of testwork to investigate alternative methods of treating the sulphide ores, including Ultra Fine Grinding (UFG) followed by pre-alkalisation and leach recovery. The work was carried out at Ammtec Laboraties in Perth, Australia, and Mount Isa Mines Laboratories in Sydney, Australia, under the supervision of Bateman Minerals of Perth, Australia.
"Initial results received by Ariane indicate that gold recoveries in excess of 90% can be achieved by the UFG/Alkalisation method, at grind sizes in the 10 micron range, with 12 hours of pre-treatment. The UFG/Alkalisation method has large potential benefits in terms of capital and operating costs when compared with bioleach or autoclaving. Ariane believes that this process route has much promise for the Camp Caiman sulphides ores.
"Ariane has initiated a follow-up program of testwork to gain additional information and optimize the process parameters."
arianegold.com
With your correction on the number of shares, I'd have to agree AQI is less expensive, maybe a lot less is their upside turns out better. On the other hand, I think AGD is a good value compared to a lot of other explorers out there.
Thanks,
crusty |
