Integra Gold (ICG.V) has reported excellent results from its Phase III metallurgical test work at its Lamaque gold project in Quebec, Canada. This test was aimed to determine the recovery rates for the gold at the different zones of the project using four different flow sheets which are being used by mills with spare capacity in the close neighborhood. The gravity concentration with CIL leach seems to be the best process for the Parallel, Fortune and Triangle zones with recoveries ranging from 93.1 at Fortune to 97.8% at Parallel. The metallurgical results of the Plug number 4 zone are a bit disappointing with an average recovery rate in the mid-80s which indicates further test work will be needed to bring the recovery rate up to 90%.
These excellent metallurgical results are important for Integra Gold as it confirms once again that the Lamaque property has all the qualities to become Val d’Ors next gold mine. We are expecting the results of a PEA any day now, and are looking forward to see the economics of Lamaque.
> Click here to read the press release
Disclosure: The author holds a long position in Integra Gold. Integra Gold is not a sponsor of the website, but we were compensated by a third party to initiate coverage. Please see our disclaimer for current positions.
