More than 90 hits when googled sargold and intec, including this one: Pinnacle Digest: Sargold Resource Corp: Project Review May 15, 2007 (M2 PRESSWIRE via COMTEX News Network) -- Sargold Resource Corp (TSX-V: SRG) had a positive day in the markets Monday, as shareholders witnessed their company's share value increase 12.82% following the exchange of 184,000 shares trading hands before the sound of the closing bell. The share price ranged $0.015 throughout the day, settling on $0.22 at the end of trading. In the article below, PinnacleDigest intends to further explore Sargold Resource and the market in which it resides. In corporate news, representatives from Sargold Resource Corporation provided on May 14, 2007 an update on the longer term production strategy at the Furtei mine in Sardinia. Based on metallurgical testwork, internal studies and results to date, the Company is pleased to report it is now targeting to produce approximately 15,000 - 20,000 ounces ("oz") of gold ("Au") within the next 12 months from the Sa Perrima zone, ramping up to between 60,000 - 70,000 oz Au equivalent in its second year with the addition of the Su Coru zone, before leveling off to approximately 50,000 oz Au equivalent per year for a minimum of five years (Please note the company has not completed a feasibility study and there is no certainty that the projected production rates will be achieved, nor that they will be economically viable).
As reported in March 2007, Sargold poured its first gold bar after refurbishing the Furtei mine plant to launch a near-term production plan based on processing the upgraded ore from the residual heap leach pad at the site. The Company has so far produced more than 1,000 ounces of gold and a comparable amount of silver after being in operation for two months. The remaining stockpile is expected to yield a similar level of production for the next few months.
Sa Perrima After conducting a number of leach tests (with recoveries averaging over 70%), the Company will now commence a trial for leaching sulphide ore from the Sa Perrima open pit as the next step in the re-start of the Furtei facility. Production from the pyrite-hosted deposit will continue based on acceptable gold recoveries using direct cyanide leaching. Whilst cyanide consumption is high, recoveries comparable to flotation concentrate production and the potential to make dore bars on site indicate this may be far more favorable economically than the flotation option and smelting and refining concentrates.
Su Coru Su Coru is the principle resource in a number of enargite-hosted deposits at Furtei. This enargite ore has historically proven to be problematic - it is refractory in nature and contains deleterious minerals to the smelting and refining process, which attract significant cost penalties. After investigating a number of processing options over the past year to solve this issue, the Company is pleased to report it has received promising test results from an atmospheric leach process, the Intec Copper and Gold Process, which has obtained metal recoveries of 90% or better utilizing a halide solution to oxidize the sulphides. This method does not require high temperatures and pressures, and can be carried out using typical chemical processing equipment. The continued success of this process will provide for the production of saleable gold and copper at Furtei, eliminating the refractory limitation of the enargite ore, and providing enhanced economics due to minimal transport, smelting and refining charges compared with traditional sulphide concentrate production.
Chairman & CEO Richard Warke said, "The Intec Copper and Gold Process has demonstrated that enargite ore can be recovered with potential economic viability. If successful, this will allow the Company to explore several target areas at Furtei and other properties on the island that have enargite hosted mineralization." PinnacleDigest is interested in the progress this company has made, and will be tracking their development closely. If you have an interest in this company and would like to learn more about their development, don't hesitate to be in touch with us. As a member of our site, your opinion and feedback affect our continued coverage and follow up procedure.
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