Uncategorized
Far East Gold says strong recoveries at Woyla show low capex flow sheet potential
Special Report: Preliminary metallurgical results from 3 drill core samples of Far East Gold’s Woyla copper-gold project in Indonesia have … Read More
The…
Preliminary metallurgical results from 3 drill core samples of Far East Gold’s Woyla copper-gold project in Indonesia have returned recoveries of 91% gold and 86% silver.
Independent expert metallurgist, Dr Mark Steemson, who oversaw the test work, says the first preliminary characterization tests on Woyla samples are positive and “the data suggests that a significant part of the gold and silver is associated with coarse gravity gold.”
The average cyanide soluble gold recovery (gravity and free gold) was 91%, and for silver 86%, and diagnostic leach tests indicate that gold and silver can be recovered using conventional cyanide leaching.
The data suggests that a significant part of the gold and silver is associated with coarse gravity gold.
Low capex flow sheet with strong recoveries
“We are very pleased to report the results of the first metallurgical test work completed from the Woyla project, which have returned very good recoveries of 91% gold and 86% silver with indications that a large portion of the gold may be gravity gold,” Far East Gold (ASX:FEG) chairman Paul Walker said.
“These initial test results indicate that the Woyla project should be amenable to a simple low capex flow sheet with strong recoveries.
“These results coupled with the comparatively low cost of operations in Indonesia is another reason why the company is so excited about this project.”
Phase 2 drilling underway
The company’s Woyla Copper Gold Project is located in Aceh Province, Indonesia. The project has four main epithermal vein systems; Anak Perak, Rek Rinti, Aloe Eumpeuk and Aloe Rek which have a combined strike length of 13,000m.
The Phase 1 drill program completed 4,640.9m of diamond drilling at the Anak Perak and Rek Rinti prospect areas, and the Phase 2 diamond drill program has already commenced.
Phase 2 comprises a resource delineation drilling program of approximately 5,000m at Rek Rinti and a scout drilling program of approximately 5,000m at Anak Perak, Rek Rinti and Aloe Eumpeuk.
This article was developed in collaboration with Far East Gold Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Far East Gold says strong recoveries at Woyla show low capex flow sheet potential appeared first on Stockhead.
