FYI people - Sent to me yesterday without request from CC, posted with his permission;
KL
I am a bit appalled that there is some talk about Lucky Bay being refractory.
Just some facts to clear the air:
• For “Zog” – a refractory deposit means that the gold is locked-up in the sulphide matrix (ie. crystal structure) and the sulphide must be decomposed by either roasting or by bio-ox processes (effectively oxidising the sulphides) to liberate the gold. By definition, a supergene deposit is already oxidised and cannot be refractory –EVER. • For “TasTarga” – no suggestion that the Lucky Bay mineralisation is refractory. The fact that we have now identified the ‘primary’ sulphide mineralisation is only mentioned in the context that there is potential for a lot more – not some type of ‘hint’ that the bloody thing may be refractory. Salt Creek is associated with abundant pyrrhotite sulphide but is not in any way refractory.
I am just amazed at how, what is just a good emerging story at Lucky Bay, all of a sudden gets smacked with a whole bunch of ‘problems’. Our discovery ‘problems’ are problems that I don’t see many other companies suffering from at the moment!!
Regards,
Chris
Chris Cairns Managing Director
PS. “Drill recovery” means how much of the drilled rock actually reaches the surface – it is a mechanical drilling issue. This is entirely different to the “metallurgical recovery” which refers to how much gold is recovered from processing – a test that we have not even considered performing yet for Lucky Bay.
Chris Cairns Managing Director
Integra Mining Limited 168 Stirling Highway Nedlands WA 6009 I PO Box 612, Nedlands WA 6909 T 61 (8) 9423 5920 I F 61 (8) 9423 5930 I E [email protected] I www.integramining.com.au
IGR Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held