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Be the first with the news that moves the market- Goliath Resources (GOT) has confirmed gold and silver recoveries on its Surebet project in British Columbia
- Specifically, 48.8 per cent of gold and 10.3 per cent of silver were taken in a low mass gravity concentrate
- Also, high grades of these metals were made in a product with a low weight percentage
- Other indicators from the combined gravity and flotation recovery techniques suggest that the metals could be recovered with little energy input
- Further test work will be done to see if Goliath can further reduce mass concentrates for a more attractive product
- Goliath Resources (GOT) is up by 1.41 per cent, trading at $0.72 per share
Goliath Resources (GOT) has confirmed gold and silver recoveries on its Surebet project in British Columbia.
Specifically, 48.8 per cent of gold and 10.3 per cent of silver were taken in a low mass gravity concentrate. Additionally, gravity concentrates grading 309 grams of gold per tonne and 1,341 grams of silver per tonne were made in a product with 1.47 per cent of the weight of the original sample mass.
Combined methods resulted in strong recoveries
The company stated it achieved these results via gravity and flotation techniques and test work was performed on coarsely ground material. This may mean that a relatively low energy input is needed to grind rock to a size sufficient for continued gold and silver recovery.
Quinton Hennigh, technical and geologic director of Crescat Capital and Goliath shareholder, commented,
“Gravity and flotation techniques are generally less capital intensive to develop and lower cost to operate… Seldom does one see such simplistic, favorable metallurgy in a gold-silver project.”
The final concentrate grades of gravity and flotation techniques were recorded at 73.2 grams of gold per tonne, 1,346 grams of silver per tonne, 10.36 per cent lead, and 7.69 per cent zinc. Goliath also mentioned the importance of the low arsenic levels in the final product, as it will help make its precious metal-rich product favourable to global smelters.
More test work was performed on a composite sample from 32 mineralized intercepts found during Goliath’s 2022 drill campaign. The calculated head grade of this composite sample has returned more high grades of gold and silver, and moderate levels of lead and zinc.
Lastly, the company will need further test work to know if the mass of concentrates can be reduced even more. If so, the product could be even more favourable for the market.
Goliath Resources (GOT) is up by 1.41 per cent, trading at $0.72 per share as of 10:16 am EST.
