Lahontan Gold (LG.V) has announced it has started the metallurgical test work on its Santa Fe gold project ahead of working towards a Preliminary Economic Assessment on the project. Previous metallurgical test work at Santa Fe has outlined a recovery rate of 79% for the gold and that forms a solid starting point for the current round of metallurgical test work.
The main focus of this phase of the metallurgical test work will be on the comminution and compacted permeability studies as that will allow the company and its independent consultants to further finetune the cost estimates that will have to be used in the PEA, which should be ready by the end of this quarter.
Disclosure: The author has a long position in Lahontan Gold. Please read the disclaimer.
