Business
Rosita Mining Advancing Copper and Gold Recovery Studies for its Stockpile Resources In Nicaragua - Preliminary process design is being evaluated in advance of a PEA Study
(via Thenewswire.ca) Toronto, Ontario / TheNewswire / March 21 2016 - Rosita Minin...
About this update from King Global Ventures Inc.
[{"type":"text","content":"Rosita Mining Advancing Copper and Gold Recovery Studies for its Stockpile Resources In Nicaragua - Preliminary process design is being evaluated in advance of a PEA Study(via Thenewswire.ca)\n \n \nToronto, Ontario / TheNewswire / March 21 2016 - Rosita Mining Corporation (RST: TSX-V) (\"Rosita\" or the \"Company\") is pleased to provide the following update on the progress of metallurgical test work and engineering on the Santa Rita stockpile and tailings project, near Rosita, Nicaragua.\n\n \n \nDENM Engineering Ltd., a Burlington-Ontario based metallurgical consulting company, has been engaged to provide a preliminary engineering design for a gold and copper recovery plant utilizing SART technology (sulphidization, acidification, recycling and thickening). SART is industry standard technology that has been utilized in gold mining plants around the world and allows for the efficient recovery of gold from ores that have high concentrations of cyanide leachable copper.\n\n \n \nJohn Cook, President and CEO of the Company adds \"We are excited about this next stage in the development of the Santa Rita gold-copper stockpiles project, especially in light of the renewed investor interest in gold. Our focus remains on near-term production and this phase of test work is a critical step towards achieving this goal. \"\n\n \n \nA preliminary metallurgical flow sheet has been developed and is being used as the basis for further engineering work. DENM Engineering, which has experience in the design of SART plants, will also be providing capital cost estimates in their design work. The initial process flow sheet for the recovery plant has been reviewed by SGS Lakefield, a leader in SART technology, which conducted the first SART test work for Rosita. Rosita has also undertaken preliminary leaching testwork for gold and copper leaching.\n\n \n \nThis preliminary study will be followed by additional metallurgical test work, leading to the completion of a Preliminary Economic Assessment (PEA) and the commencement of environmental permitting. The goal would be to complete this work in the next 9 months.\n\n \n \nThe Rosita project is located 275 air kilometres northeast of the capital city of Managua and 120 kilometres west of the port town of Puerto Cabezas. \n\n \n \nSanta Rita Project\n\n \n \nThe stockpiles at the project were generated o...