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From the INL Q&A forum"We are not currently producing any gold...

  1. 279 Posts.
    From the INL Q&A forum

    "We are not currently producing any gold from the Hellyer tailings, nor do we have any short-term plans to do so. In needs to be emphasised that the gold at Hellyer is very strongly locked as tiny (sub-micron) particles in a highly refractory pyrite matrix. Industry refers to this as 'solid solution' - effectively gold 'dissolved' in rock, and that's why it's still in the tailings rather than having been recovered the first time around by Aberfoyle/Western Metals. Even with fine grinding, conventional technology cannot unlock this value, and despite the fact that the Intec Process delivers much better recoveries and economics than conventional technology, it still isn't worth running a dedicated gold plant at this time. As such, it would not be possible to hedge any gold production"

    This is the issue that was raised by tastarga a few weeks ago which was howled down by the usual suspects on this thread.
    With the price of gold at the moment if INL had a process they would be making heaps running even a small pilot plant. I'm interested in the technology but have no faith that management can deliver anything of value to shareholders.
    For those of you that have invested, don't be fooled by the spin and start asking questions to INL management and demand answers. To talk about how many thousands of ounces are locked up is ludicrous without an economic process to recover the gold.

    Deepdiver
 
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