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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Zeev Hed who wrote (2413)2/15/1997 2:16:00 PM
From: Bill Jackson   of 35569
 
Zeev; The material in Timmins is free gold in quartz, with some iron pyite and a little arsenopyrite. Various milling techniques from rock breaking to balls mills to rod mills and autogenous mills are used at various stages of the mills in Timmins. I am not sure of the exact circuit used at Dome. And it is cheap. We have a quote from St Andrews Goldfields to custom mill our ore for $25 per ton. And they make $10 per ton at that point. We are able to break it out, truck to St Andrews for $15 per ton, plus their $25=$40. It is 0.17 ounce open pit ore +$60 per ton, so we profit by $25 per ton, or $147.50 per ounce.
No way on earth would you use one ton of NAOH. You can get 1 ounce of gold with 1 pound of common leaching meterials, like cyanide. Cyanide is 15 cents per pound. I do not know what their leaching agent would be, but it is only going to use a pound or so per ton. There may be other reagents like KOH as well Who Knows. Gravel is free in Timmins, the cost is the loading and trucking. You can get it for a dollar or so a cubic yard if you load it and pick it up yourself.
This operation is going to have the hugest there is of loading and moving equipment. The costs of moving should be under $1.00 per ton.
Bill Jackson
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