Business
Start of Sylvanite tailings Sampling Programme
Start of Sylvanite tailings Sampling Programme.
About this update from Fulcrum Metals Plc
[{"type":"text","content":"\n\nFulcrum Metals plc / EPIC: FMET / Market: AIM / Sector: Mining\n \n \n17 June 2024\n \nFulcrum Metals plc\n(\"Fulcrum\" or the \"Company\" or the \"Group\")\n \n \nStart of Sylvanite Gold tailings Sampling Programme\n \nInitiates first phase testing and study agreement with Extrakt Processing Solutions\n \nUpdate on proposed sale of Saskatchewan Uranium Projects\n \n \nFulcrum Metals plc (LON: FMET), a company focused on mineral exploration and development in Canada, is pleased to announce the initiation of the phased sampling, testing and study programme at the Sylvanite Gold Tailings project (\"Sylvanite\" or the \"Project\") in the Kirkland Lake area of Ontario, in Canada.\n \nThis programme is designed to confirm the gold content in the tailings and evaluate the efficiency of Extrakt's processing technology in recovering gold and other by-products from the tailings at Sylvanite estimated to be approximately 4.14 million tonnes at 0.47g/t Au for 67,051 ounces contained Au*.\n \nHighlights\n· Eight site locations selected for sampling across the Sylvanite tailings area designed to obtain a representative sample set for analysis and testing\n· Composite samples of tailing material from each site to be sent to the Extrakt's testing facility in Kentucky, USA\n· The test work incorporates a full suite of metallurgical characterisation including ICP (minimum 40 elements, including gold), XRD mineralogical analysis and batch leach testing using Extrakt's technology\n· Sampling at the selected sites to commence imminently\nRyan Mee, Chief Executive Office of Fulcrum, commented:\n\"Earlier this month the Company announced the results from initial leach testing at the Teck-Hughes tailings project. The testing, which used Extrakt's technology, recovered up to 59.4% of gold, which is an incredible achievement, especially when you consider that recovery rates from refractory gold, without the use of toxic cyanide and pre-treatment, usually recovers less than 40%. We believe that with further optimisation recovery rates have the potential to increase to beyond 60%.\n\"Having seen the important successful results at Teck-Hughes, I am delighted to announce the commencement of work at Sylvanite with a similar programme an...