Mt Malcolm Mines NL (ASX:M2M) has reported that gold recoveries of more than 94% are possible from its Golden Crown prospect in Western Australia.
According to a recent processing study, an average gold recovery of 94.6% was achieved across all tailing samples through Accelerated Cyanide Leach Leachwell testwork, and this was consistent with the earlier results of 94.3% average recovery reported in May.
The news follows high-grade exploration results reported last month, including 1 metres at 111 grams per tonne, and Mt Malcolm is planning follow-up drilling for the prospect, located in the Eastern Goldfields region of WA.
Managing Director Trevor Dixon said the recoveries were promising for the future of the prospect.
“The recent testwork on gold recovery from tailings has shown significant value, boosting confidence in the economic viability of processing high-grade material from the ongoing bulk sampling exercise,” he said.
“This detailed processing approach aims to maximize gold recovery and thoroughly evaluate the prospect’s potential for small-scale mining operations and commercial gold extraction.”
Mt Malcolm has been trading at 3.7 cents.