Proactive Investors - Run By Investors For Investors

Scotgold trial “extremely pleasing", says CEO

The feed grade for bulk processing was 7.9 grams per tonne of gold and 39 grams of silver with a relatively coarse material fed into the plant.
Loch Lomond from the northern extremity from shore.
The mine is to the north of the Scots beauty spot Loch Lomond.

Scotgold Resources Ltd (LON:SGZ) chief executive Richard Gray declared himself “extremely pleased” with trial production at its Cononish mine, to the north of Loch Lomond, Scotland.

The feed grade for bulk processing was 7.9 grams per tonne of gold and 39 grams of silver with a relatively coarse material fed into the plant.

Even so, 90% of sulphides contained in the ore were have been recovered using simple spiral and shaking table circuits.

Scotgold reckons around 75% of the gold can be turned into a sulphide concentrate, while the remainder will require retreatment in the final plant.

The trial has also shown the company is able to produce a by-product lead sulphide that is “potentially saleable”.

The company wants to produce enough gold to assess the “marketability and profitability “of a hallmarked Scottish gold production from Cononish.

It has appointed a firm of consultants it has used before called The Dragonfly Initiative to manage this process.

CEO Gray told investors: "We are extremely pleased with the way the bulk processing trial circuit is performing metallurgically as well as in terms of reliability and ease of operation. 

“The results achieved indicate we may be able to enhance the design of the final full scale (phase II) plant, both in terms of recovery and operating cost.

“Work has now commenced on the feasibility of a phased development approach, which will benefit from the experience gained in conducting the bulk processing trial.”

View full SGZ profile View Profile

Scotgold Resources Timeline

Related Articles

February 16 2017
Chaarat is progressing with economic studies at the Tulkubash project in Kyrgyzstan and will look to raise finance shortly
gold nuggets on a table
The junior miner is making strides in developing its five gold-focused projects in Western Australia and Tasmania
picture of gold and dollars
March 14 2017
The advancement of over 100,000 ounces from the lower-confidence inferred category to indicated classification was significant.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use