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GoGold Contracts BQE Water to Install SART Plant
GoGold Contracts BQE Water to Install SART Plant Canada NewsWire HALIFAX, NS, Ju...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"\n\n\n\nGoGold Contracts BQE Water to Install SART Plant\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, NS, June 20, 2019\n\n\n\nTrading Symbol: TSX: GGD Shares Outstanding: 171,376,481\n HALIFAX, NS, June 20, 2019 /CNW/ - GoGold Resources Inc. (TSX: GGD) (\"GoGold\", \"the Company\") is pleased to announce that it is moving forward with the installation of a SART (Sulfidation, Acidification, Re-neuralization and thickening) plant at its Parral tailings re-processing facility. The construction is planned to be completed before the end of 2019 at a cost of approximately $2.6 million USD and commissioning will begin immediately following practical completion.\nThe SART plant is expected to bring important economic and technical benefits to the Parral facility. The main economic drivers are the recovery of a high-grade saleable copper sulfide product and the re-generation of cyanide, which is the largest single operating cost at Parral, and improve the leaching efficiency of the heap.  In the first year of operation, the SART is expected to generate over $3.4 million in net cash flows from copper sales and cyanide cost savings.\nThe company has contracted the Canadian contractor BQE Water to design and construct the SART plant. BQE is a world-leader in SART technology and its application and has been at the Parral site on several occasions to evaluate the application of the technology.  The company has previously installed and piloted a \"lite\" version of SART to help assess its effectiveness.  \n\"While it is clear that this is a good deployment of our capital due to the quick payback period, implementing a full SART plant will also bring us the added benefit of providing a more efficient leaching solution.  We completed the demonstration sized SART lite plant last year which proved the effectiveness of the process and have made the decision through consultation with BQE to proceed with the full size plant.  Components of the demonstration plant will be re-used in the full size...