OGX 0.00% 0.3¢ orinoco gold limited

Ann: Suspension Update, page-12

  1. 2,599 Posts.
    lightbulb Created with Sketch. 1713

    I am confident that the plant is working very well and that head grade (and quantity) is the issue and has always been the issue.

    No doubt the plant has needed testing and refining ...but in any case, I have full confidence in our metallurgist Rob Riggir to now fine-tune and optimise the plant with excellent results from gravity.

    Two sets of results from different INDEPENDENT metallurgists show that CIL is not needed -which is a good thing, because it is about 6x our current market cap to build and also expensive to run in terms of cyanide usage -not to mention difficulties with approvals and disposal in an environmentally friendly manner.

    That is what the results seem to indicate to me at this stage.

    As I have said, the pub talk I heard indicated that there is not significant grade of gold in the tailings, but who knows, maybe they have found a better area to sample ...but lets see what tomorrow's announcement brings.


    Cheers,

    SJB


    Last edited by sirjohnnyboy: 28/03/19
 
watchlist Created with Sketch. Add OGX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.