Empire Resources confirms high grade gold at WA project
WA gold miner Empire Resources Ltd (ASX:ERL), on behalf of the Penny’s Find Joint Venture (PFJV), today updated the market on its successfully completed third toll treatment campaign at the Lakewood Mill located on the southern outskirts of Kalgoorlie-Boulder, WA.
The reconciliation after Gold in Circuit (GIC) calculation for the third campaign processed gives a head grade of 6.55g/t gold.
This is an upgrade on the previously announced 6.03g/t on February 28. At that time, 55% of the gold was recovered by gravity, up from 40% during the previous treatment campaign, confirming original testwork that showed an increasing percentage of free gold in the ore as it becomes fresher.
The Joint Venture has produced 152.6 kg or 4906ozs of gold during this third campaign for a realised sum of over $8.5 million. A fourth processing treatment campaign is due to commence in the second week in April 2018.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Longhou Capital Markets Pty Ltd (AFSL No. 292464). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.