Everest Metals Corporation (EMC) has announced that planning has commenced for a bulk sampling and gold extraction program at its Revere Gold and Base Metal Project, which intends to utilise the results from previously undertaken metallurgical test work.
The company has also announced that an Exploration Target has been generated.
Results of the previous metallurgical test work emphasised the high nugget distribution of gold at the Revere Project and achieved high recoveries of 87.7 per cent to a primary gravity concentrate from the quartz vein sample.
Given a test feed grade of 60.5g/t gold (Au), the corresponding concentrate grade equated to 275.7g/t Au.
The Revere Project is 82km² and is located just off the Great Northern Highway – approximately 90km to the northeast of Meekatharra in the Murchison Region of Western Australia – and sits proximal along the interpreted northern extension of the Andy Well greenstone shear system in proximity to the prospective northeast trending Goodin fault zone.
EMC Chief Operating Officer, Simon Phillips, said that the latest metallurgical studies continue to confirm excellent recoveries of 88 per cent of the high-grade ore gold at the Revere Gold and Base Metal Project.
“The very high gold recoveries through a primary gravity concentrate at a coarse grind size for the gold bearing quartz vein is especially pleasing as this facilitates processing via a simple gravity circuit,” Mr Phillips said.
“The combination of such high-grade gold occurrences from surface, access to a processing plant and a near $3,000 per ounce gold price places EMC in an excellent position as it works towards potential income generation from the Revere Project.
“Our updated exploration target further substantiates the potential of the project.”
