Business
Further Analysis Results
Further Analysis Results.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n Aurum Mining PLC\n07 March 2006\n\n\nFor immediate release 7 March 2006\n\n\n\n AURUM MINING PLC\n\n ('Aurum' or 'the Company')\n\n\n\n Independent analysis confirms quality of Andash orebody\n\n\n\nAurum Mining plc (AIM: AUR), the company formed to acquire gold and other\nmineral extraction projects in the Former Soviet Union (FSU), is pleased to\nannounce further details of analysis work being carried out by the leading UK\nindependent mining consultant Wardell Armstrong International (WAI) on samples\ntaken from the Company's Andash project in the Kyrgyz Republic.\n\n\n\nAt the time of the Company's full year results, released on 29 September 2005,\nit was highlighted that WAI had confirmed a JORC resources estimate for one of\nthe Andash orebodies of 1.15 million ozs of gold and gold equivalent. At the\ntime it was also highlighted that further drilling work would be carried out to\nenhance the resources estimate and to facilitate the completion of a Feasibility\nStudy for the project.\n\n\n\nAs part of this work WAI was last year sent a 2100 kg bulk sample from Holes\nTX-1 to TX-4, where a programme of scoping tests was undertaken on Hole TX-3 to\nconfirm the initial testwork findings. Results show that the head grades of the\nsamples tested was consistent with the initial sample at 0.51% Cu and 1.3 g/t\nAu.\n\n\n\nThe scoping test work programme demonstrated improved recoveries of copper and\ngold. The Sulphide Composite demonstrated that gold recovery to a combined\ngravity and flotation concentrate was predicted to be 70% during continuous\nprocessing, and copper recoveries of up to 80% were achievable to a saleable\nflotation concentrate after one stage of cleaning. A further 25% of gold can be\nrecovered by cyaniding the flotation tailings, giving a total gold recovery of\n95%.\n\n\n\nWork is continuing to refine the process to improve economics through increasing\nflotation recoveries and reducing reagent consumption with a view to\nestablishing a flow sheet to meet the requirements of the Feasibility Study.\n\n\n\nMark Jones, Chief Executive of Aurum Mining, commented: 'I am delighted by these\nlatest study results, which highlight the quality of the resource at Andash. We\nnow have confidence that the metallurgy at Andash will allow us to extract gold\nand copper economically. Our next step is to put together an ...