Everest Metals Corporation (ASX: EMC) has commenced a bulk sampling and gold extraction programme at the Revere Gold and Base Metal Project in Western Australia.
The company is utilising the results from previously undertaken metallurgical test work of mineralised rock material from Revere and 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% to a primary gravity concentrate from the quartz vein sample. Given a test feed grade of 60.5 g/t Au, the corresponding concentrate grade equated to 275.7 g/t Au.
Latest Metallurgical studies continue to confirm excellent recoveries of 88% of the high-grade ore gold at the Revere Gold and Base Metal Project,” Chief Operating Officer, Simon Phillips, said.
“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.
“The combination of such high-grade gold occurrences from surface, access to a processing plant and a near A$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.”
The Revere Project is 82 sq. km and includes granted tenements E51/1766, E51/1770, P51/3240, P51/3241 and pending applications M51/905, E51/2119, E51/2088 and E51/2145. EMC has the right to earn up to a 100% interest in the tenements.
The project is located just off the Great Northern Highway approximately 90km to the northeast of Meekatharra in the Murchison Region of Western Australia.