AN is up .10 to .59. This is a poly stock and sold for 418 in 1987:
Farallon Resources Ltd (C-FAN) - News Release
Farallon releases G-9 flotation test results
2006-10-24 09:33 ET - News Release
Shares issued 105,822,331
FAN Close 2006-10-23 C$ 0.455
Mr. Dick Whittington reports
FARALLON ANNOUNCES ADDITIONAL RESULTS OF METALLURGICAL TESTING OF G-9 DEPOSIT, CAMPO MORADO, MEXICO
Farallon Resources Ltd. is releasing the results from phase 3 of the recent series of flotation test programs conducted on the G-9 deposit at its polymetallic (zinc, gold, silver, copper and lead) project at Campo Morado, Guerrero state, Mexico. These new results affirm the previously announced results from the first two phases of work (see Stockwatch news April 30, 2006, and May 17, 2006). In addition, the information derived from these tests provides the process design criteria, flow sheet design and reagent consumption estimates that are necessary for detailed mill design work to commence.
Three marketable concentrates were produced from a representative composite bulk sample from the G-9 deposit. The composite sample used in this phase 3 program was prepared from the 12 individual composites evaluated in phase 2 of this series of testwork. The 12 samples were taken from areas representing different grades and zones of mineralization from the north, central and southeast zones of the G-9 deposit. The samples were prepared by ALS Chemex in Guadalejara, Mexico, and G&T Laboratories (G&T) in Kamloops, B.C. The samples were crushed, screened and a flotation feed was prepared. Then, a master composite sample was made, combining all the remaining portions of each individual sample, together with those examined in the first phase of the G-9 test program. Modal and chemical analyses were undertaken prior to bench-scale flotation tests. The flotation tests were carried out by G&T in Kamloops. A sample location map is provided on the company's website.
The objectives of this phase of the program were:
to perform a series of batch rougher and cleaner tests to investigate initial processing criteria and flow sheet configuration;
to perform a series of locked-cycle tests to confirm the viability of the selected flow sheet;
to perform modal assessments on selected-cycle test products; and
to perform detailed chemical analyses of payable and deleterious elements contained in the zinc, copper and lead concentrates produced.
The new results indicate that a zinc concentrate grade of 55 per cent zinc (Zn) can be achieved with an 86 per cent zinc recovery. Similarly, a copper concentrate grade of 20 per cent copper (Cu) can be produced with a 69 per cent copper recovery. Lastly, a lead concentrate grade of 34 per cent lead (Pb) can be produced with a 51 per cent lead recovery. The lead concentrate contained high concentrations of gold and silver with grades of 35 grams per tonne and 3,200 grams per tonne, respectively. The full report on the current test program is posted on the company's website.
As with the previous two phases of results, these results indicate that the G-9 deposit differs, both mineralogically and metallurgically, from the Reforma, Naranjo and El Largo deposits. They also indicate that a conventional flotation plant can be used for processing the mineralization at G-9. The information received from these tests has enabled the company to commence design work for a conventional mill operation at G-9 in the 1,500-tonne-per-day range. This work is currently under way.
Dick Whittington, president and chief executive officer, said: "This is a major step forward for the company. The ability to utilize a conventional flotation mill at G-9, coupled with the high-grade nature of the G-9 deposit itself, significantly reduces the capital and technical risk of the project and offers opportunities for accelerated mine development. The company is now, first and foremost, a zinc company that can produce byproduct copper and lead concentrates that are rich in gold and silver. These byproduct credits will add significant value to the project, either directly or as offsets to future production costs. Once again, I would like to commend the excellent work done by G&T and Peter Taggart."
The in-house qualified person for the drilling program and selection of samples for metallurgical testwork at Campo Morado is Daniel Kilby, PEng. The independent qualified person in charge of the flotation testwork is Mr. Taggart, PEng. ALS Chemex is the analytical laboratory for the project. Sample preparation is done in Guadalajara, Mexico, and analysis is done in Vancouver. All samples are assayed for gold by fire assay fusion with a gravimetric or atomic-absorption (AA) finish. Silver, copper, lead, zinc and 27 to 30 additional elements are determined for all samples by acid digestion, followed by an AA or ICP finish. Duplicates are analyzed by Acme Analytical Laboratories in Vancouver.
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