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"The environmental effects of current practices can be devastating," said Foley. Foley used the city of Guiyu, China, considered the e waste capital of the world, as an example.
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The project comprises a proposed open pit gold mining project based on an indicated mineral resource defined by a comprehensive drilling program including 157 drill holes totalling over 12 200 m to define 555 000 oz of gold at an average grade of 3.8 g/t (at a cut off grade of 1.0 g/t gold and applying a top cut of 50 g/t gold).
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The study identified an oxide resource of 165,000 ounces of gold within 2.1 million tonnes at a grade of 2.45 g/t in the measured and indicated categories and a sulphide resource of 112,000 ounces of gold within 570,000 tonnes at a grade of 6.11 g/t in the measured and indicated categories.
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The vendors internal metallurgical work shows a 95% gravimetric recovery of gold in the oxide zone and an 85% recovery of gold; 80% recovery of copper; and 60% recovery of silver combining
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