Meteoric Resources (ASX:MEI) - Managing Director, Dr Andrew Tunks
Managing Director, Dr Andrew Tunks
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  • Meteoric Resources (MEI) receives positive metallurgical gold recoveries for its wholly-owned Palm Springs project in Western Australia
  • The metallurgical work was conducted as a result of recent drilling at a sulphide zone in Palm Springs within the Butchers Creek deposit
  • Metallurgical work returned gold recoveries above 96.4 per cent after a 24-hour low-cost cyanide leach process
  • From the fast results, the company announced a simplified flowsheet as a potential low-cost facility an ore that is responsive to toll treatment
  • Meteoric Resources shares have ended the day in the grey at 1.6 cents

Meteoric Resources (MEI) has returned positive gold metallurgical work for its wholly-owned Palm Springs project in Western Australia.

The metallurgical work was conducted as a result of recent drilling at a sulphide zone in Palm Springs within the Butchers Creek deposit.

Metallurgical work returned gold recoveries above 96.4 per cent after a 24-hour low-cost cyanide leach process.

The gold ore indicated a soft to a medium hardness that is ready for a conventional crushing method.

From the fast results, the company announced a simplified flowsheet as a potential low-cost facility an ore that is responsive to toll treatment.

“These initial metallurgical test results of Composite #1 from Butchers Creek have produced an outstanding result in that a low-cost simple ‘whole of ore’ flowsheet using CIL only is indicated as being suitable for our project,” Managing Director Dr Andrew Tunks said.

“Excellent cyanide leach recoveries in excess of 96 per cent, with the potential to improve on this result, were achieved without the added complication, capital and operating cost imposed by either gravity recovery or flotation.

“The most important outcome from this test work is the high leach recovery achieved on straight ‘whole of ore’ leaching, which indicates the gold is well liberated and not locked up or influenced by the presence of moderate amounts of sulphides.”

Meteoric Resources shares ended the day in the grey at 1.6 cents a share.

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