The deeper the oxides, the better for all, Steve.
There is an existing oxide mill virtually on site. I assume if successful, Energold could access this mill. Don't know specifics but they could likely expect gold recovery in excess of 90% and probably much higher with oxide ore, even using a course grind. With sulphide ore the recovery would probably be less than 20% in such a facility.
I don't think Energold's potential is appreciated by investors. I keep looking at companies with properties located in high, isolated, South American mountains. To place these properties in production would require heavy capital yet they talk of grades equal to what Energold achieved in trenching.
Energold is only 200m above sea level, accessible by roads, has a mill nearby, a year round season, virtually no overburden for open pit mining, and samples from trenching that indicate ore. It's a hell of a story. All that's needed is to prove up grade and continuity. I've sometimes wondered if even that isn't already known.
Anyway, Good Luck, Steve.
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