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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone	9/20/2024 2:07:01 PM
	of 78403

WRLG, TECT, WEX West Red Lake Gold Mines aka WRLG released an update on the Madsen gold mine in Ontario, which they acquired after previous operator Pure Gold went bankrupt and which they are planning to restart in 2025. To that end, WRLG has selected four locations inside the mine from which they are going to extract bulk samples which will be processed once they restart the mill. This will serve a number of goals; testing different mining approaches; to test for mineability; to test for discrepancies between expected and actual results after ore processing; and eventually, to generate some money. (They don't mention the last one, but at current gold prices...) The four areas chosen are expected to collectively host 114600t of total material with an average grade of 5.98 g/t Au, from which WRLG expects to extract 5000t. No indication is given as to when to expect the milling to take place. If the grade holds and recoveries are good, this should yield in excess of 25k oz Au, so I hope it will be soon. Message 34830895 Tectonic Metals aka TECT released an update on metallurgical testing of material from their Flat gold project in Alaska. TECT has been hoping they can use an approach similar to that currently used at the nearby producing Fort Knox mine, which is a run-of-mine heap leach, much cheaper than conventional heap leach because it does not require grinding of ore. Hence, learning that heap leach column tests on a mix of oxidized and non-oxidized material yielded recoveries in excess of 90% is very good news. Needless to say, more testing will be required to confirm. Message 34830925 Western Exploration aka WEX released the results of metallurgical testing on samples from two holes drilled into the Gravel Creek deposit on its Aura prospect in Nevada. They employed a variety of gravity and flotation techniques that are reported to have achieved recoveries of up to over 90% for Au and Ag, even the selphide ore, but this is still too early in the process to come to any conclusions. One assumes met testing will continue even as we wait for assays from current drilling to be reported. Message 34832283

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