News: Strategic Minerals Corporation testwork returns 96% gold recovery

Strategic Minerals Corporation’s (ASX:SMC) initial metallurgical testwork has returned 96% gold recovery from the Lower Camp area of the Woolgar Project in central North Queensland.

This is the first part of a two stage program being conducted by the company to evaluate the metallurgical performance of the mineralisation.   

In addition, no refractory ore characteristics were observed in any of the tests, indicating the ore is suitable for gold recovery in a standard CIL processing plant while consumption of reagents is considered moderate.

Silver, copper, lead and zinc values are moderate and are not considered to significantly affect the design of any future processing facilities, although a flotation circuit for the production of a base metal concentrate may be viable and will be examined later in the testwork program.

The project is located 120 kilometres north of Richmond in an area of high gold endowment, where several multi-million ounce gold deposits have been developed over a number of years.

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