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Aphrodite Gold Ltd.
Summary
| Project: | Aphrodite | |
|---|---|---|
| Deposit: | Aphrodite | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-1-2017: Aphrodite Gold Ltd. announces an Exploration/Drilling Update report for its Aphrodite deposit at the Aphrodite project. Drilling results incl. 15.1m @ 3.12g/t Au from 101.9m. Aphrodite Gold Limited (“Aphrodite” or “the company”) wishes to provid | |
| Resources: | (Resource, I+I): 28.7Mt @ 1.52g/t Au for 1.4Moz Au contained | |
| CP/QP: | [Overall Report]: Eduard Eshuys (Not stated) | |
| ABSTRACT: | Aphrodite Gold Limited (“Aphrodite” or “the company”) wishes to provide a further update to their Pre-feasibility study, previously reported on 22nd December 2016. The board and management are greatly encouraged by the drill results and metallurgical testwork results to date. The drill program is now complete. All drill holes achieved core recovery > 95% thus providing reliable samples for assay and metallurgical testwork with particular emphasis on the oxide and transition zones of mineralisation. Previous metallurgical testwork indicated that acceptable metallurgical recoveries could be achieved by conventional CIL/CIP processing of the oxide/transition zone mineralisation. Current studies confirms this. The metallurgical testwork program is based on composite intervals from APDM0001- APDM0003 covering 3 metallurgical zones, transition, lower transition/upper primary and primary. The composite samples calculated head grade of the transition zone was 1.46g/t gold, the lower transition/upper primary zone 2.22g/t gold and the lower primary zone of 4.17g/t gold. Aphrodite is encouraged by the conventional carbon in pulp/leach (CIP/CIL) results with the overall recovery of the Transition zone composite at 88%; 45% of gold recoverable through the gravity circuit, kinetics were fast with leaching within 6.5 hours, cyanide usage of 0.8 kg/t and improvements of these results possible from further testwork. The reconciled head grade of 2.2g/t compares favorably with the calculated head grade of 1.46g/t. Additional CIP/CIL metallurgical testing of transition zone composites from metallurgical drill holes APDM0004, APDM0006 and APDM0007 is underway. | |
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