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Defiant light at end of tunnel
However, Morgan claims that the patented refined Elazac method produced dramatically higher readings averaging 41.37g per tonne after the very fine gold particles were successfully concentrated.
The difficulty is ramping those results up to commercial production but Morgan said there had been some remarkable breakthroughs in the last six months.
He said the plan was to fund a restarting of the mine with cash flow from processing the tailings, which he estimated could be churned through at one tonne an hour for a cash return of around $2000 a tonne.
The second string to Haoma's bow is the Mt Webber iron ore project which has been farmed out 75 per cent to Atlas Iron.
However, Haoma still owns the gold in that ore which Morgan said had a complex metallurgy which would require a joint venture with a major mining group to unscramble.
It is a sort of heads or tails equation -- if the gold is more valuable than the iron ore it would be mined but if the gold is too hard to extract, Atlas would use it as direct shipping iron ore.
Gold Floating Baby News
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Bellagio ready to unveil its winter wonderland The centerpiece of the winter exhibit is aa 42-foot Shasta White Fir that will be decorated with more than 1700 gold and silver holiday ornaments and more than 13500 twinkling white lights. Beneath the holiday tree, floating ornaments will bobble along ... |
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Defiant light at end of tunnel After floating the technology company in May just as share market volatility became extreme, he has been endeavouring to raise interest in the company's next generation tracking technology. Fortunately the company's embedded chips that can tolerate ... |
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Tradesman found dead in Gold Coast spa A tradesman has been found dead in a spa next to at a luxury Gold Coast hotel. The man, aged in his late 40s, was found floating face down in a spa at a privately-owned condominium next to the Palazzo Versace hotel on Tuesday afternoon, the Department ... |
MTV EMAs 2011: Selena Gomez is on fire while Justin Bieber ignores paternity ...
After floating down the carpet like a sugar spun cloud, Selena decided to step on the gas and have fun with myriad costumes and as it turned out, special effects. Sparkle seemed to be the leading theme, as Gomez poured herself into gold jeans while ...
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A Target for Gold of $4500.00/oz by Alf Field
What has this got to do with gold? Recently we passed the 40th anniversary of 15 August 1971, the date when the last link between currencies and gold was ended by President Nixon. This launched an era of floating “I owe you nothing” currencies. ...
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