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Be the first with the news that moves the market- Sunshine Gold (SHN) receives “positive” results from metallurgical testwork and diamond holes at its Triumph gold project in Queensland
- The company completed an expanded metallurgical program to assess recovery by gravity, cyanide leaching and float concentrate
- Testwork showed “excellent” recoveries for all methods, which Sunshine says will provide flexibility for on-site processing or toll treating at Triumph
- Sunshine will commence the next phase of drilling in August with aims to expand the 118,000-ounce JORC resource
- On the market, SHN shares are trading steady at 3.4 cents each at 1:25 pm AEST
Sunshine Gold (SHN) has seen encouraging results from metallurgical testwork and diamond holes at its Triumph gold project in Queensland.
The company completed an expanded metallurgical testwork program to assess recovery by gravity, cyanide leaching and float concentrate.
Positive results were received for a range of extraction techniques, which will provide flexibility for future processing.
Testwork showed “excellent” gold recoveries for each method, and the company expects these results could potentially be further improved by a combination of methods.
Gravity testwork recovery results showed up to 79.1 per cent (averaging 66.9 per cent), flotation recorded a recovery of up to 97.6 per cent (averaging 92.1 per cent) and cyanide leach gold extractions were up to 95.9 per cent (averaging 86.7 per cent).
Additionally, four diamond core holes were completed across the four principle areas of interest within the Southern Corridor.
Drill results include 3.2 metres at 7.74 grams per tonne (g/t) of gold from 27.8 metres and 4.5 metres at 2.16 g/t gold from 30 metres.
“Preliminary testwork results are positive from a range of different extraction techniques. This allows Sunshine Gold to explore all options for on-site processing or toll treating at Triumph in the future,” Managing Director Damien Keys said.
Sunshine will commence the next phase of drilling in August that aims to expand the 118,000-ounce JORC Resource.
On the market, SHN shares were trading steady at 3.4 cents each at 1:25 pm AEST.
