Savary Gold (SCA.V) has announced the results of its metallurgical test work on the Houndé South project in Burkina Faso. These results came in roughly in line with expectations with recovery rates ranging from 87.3% to 96.5% with a weighted average recovery of 93% for the sulphide mineralization after a 72 hour bottle roll test. This is an encouraging result and upgrades the value of Houndé South as the project has excellent access to infrastructure such as a paved highway and the power grid at just 65 kilometers away. Additionally, the property is located close to the city of Bobo Dioulasso where labor could be sourced from.
Savary Gold is currently finalizing the joint venture with Sarama Resources (SWA.V) whereby Savary Gold would retain a 65% interest in the consolidated property and remain the operator of the property which will have a surface area of 750 square kilometers.
> Click here to read the press release
Disclosure: The author holds no position in any of both companies. Please see our disclaimer for current positions.
