MGX Minerals Inc (CSE:XMG) (OTCPINK:MGXMF) released additional metallurgy results from its Heino gold deposit on Thursday morning that showed 94% gold recovery, according to a statement.
Located in British Columbia, Heino-Money has had 100 surface holes drilled totaling 7,060 meters and nine underground holes totaling 177 meters. Heino-Money was active between 1981 and 1993 and produced around 5,800 tons of gold and silver ore.
According to the firm, a two kilogram sample taken from a 150 kilogram bulk sample and averaging 28.8 grams per ton gold was crushed and put through a gravity concentrator and flotation circuit.
READ: MGX Minerals reveals assays of up to 63 grams per ton gold from Heino project in British Columbia
The result was a 94.1% total recovery of gold and 5.9% gold reporting to tailings, according to a release.
Vancouver-based MGX is planning a series of bench scale flotation tests on the Heino composite to produce a bulk sulphide concentrate containing elevated levels of gold and silver, maximizing the recovery of the precious metals.
Contact Angela at firstname.lastname@example.org
Follow her on Twitter @AHarmantas