Gold-Ore Announces Positive Tellurium Metallurgical Studies
Wed Jan 7, 9:30 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2009) - Gold-Ore Resources Ltd. (TSX VENTURE: GOZ.V) has received positive metallurgical test results for tellurium recovery from gold concentrates at the Bjorkdal Gold Mine in Sweden. The test work was conducted by SGS Minerals Services in Lakefield, Ontario. The Bjorkdal area has long been recognized as a tellurium-rich district and the production of tellurium as a by-product could have important economic benefits for the mine. Several end-users have expressed an interest in purchasing any tellurium that may be recovered at the mine site.
The SGS tests applied an acid leach process to a Bjorkdal gold concentrate sample and achieved 70% recovery of tellurium and bismuth in a 24 hour period. Management is very encouraged by these initial results and is optimistic that further studies will result in higher recoveries.
A second stage of tests at SGS is underway and will address the following points:
- Increasing tellurium and bismuth recovery rates in the leach process
- Reduce leaching times and minimize reagent consumption
- Commence test work for precipitating tellurium and bismuth
- Determine the capital and operating costs for producing tellurium and bismuth byproducts
Historically, the Bjorkdal Gold Mine has paid penalties for exceeding acceptable tellurium and bismuth levels in the gold concentrates. While not onerous, the penalties could be removed with the production and marketing of tellurium and bismuth concentrates.
Tellurium is a key element in the manufacturing of some solar panels, flash memory and Blu-ray DVD technology. Demand for this unique element is expected to rise significantly in the coming years, particularly with increased demand for solar power.
About Gold-Ore
Gold-Ore Resources is a gold mining and exploration company focused in Sweden. The Company is debt-free and unhedged, and remains focused on increasing gold production from the 100%-owned Bjorkdal Mine. In addition to Bjorkdal, the Company also has other assets in the country; the Ronnberget Gold Property (adjacent to Bjorkdal), the Norrliden Polymetallic Deposit and the Vallberget Polymetallic Property.
Bjorkdal property information is posted on the Company's web site at www.goldoreresources.com.
ON BEHALF OF THE BOARD
Glen Dickson, Chairman
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, markets for products,etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
News Release 09-1
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Glen Dickson
Gold-Ore Resources Ltd.
(604) 687-8884
Bob Wasylyshyn
Gold-Ore Resources Ltd.
(604) 687-8884
Ron Ewing
Gold-Ore Resources Ltd.
(604) 687-8884
Website: www.goldoreresources.com |
