International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: go4it who wrote (30071)	1/20/1998 10:09:00 PM
From: Henry Volquardsen	Read Replies (1) of 35569

Charles, my understanding is that if it is free gold that was captured by the fire assay, which I believe is likely, then it could be removed by heap leaching. However at an average grade of .04 the processing costs will run into several hundred dollars per ounce, probably $250 on the low side and possibly much higher. As a comparison the Doyon mine which Cambior just acquired from Barrick has a cost of $200 per ounce. At best you would have a fairly high cost mine. Henry

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