Recovery Rates Continue To Improve
Tanzanian Gold Corporation (TSX:TNX) has obtained a 90% gold recovery rate on a consistent basis at the oxide test plant at Buckreef Gold Company Limited’s project.
The focus of the oxide test plant in the final two months was on recovery rates utilising similar retention time and grind size design parameters as the 15 tonne per hour (tph) (360 tonnes per day (tpd)) and 40+ tph (960+ tpd) expansions.
The results of the gold recovery tests are above the gold recovery rates previously achieved at the oxide test plant, when the goal was to maximise gold production versus maximising gold recovery rates.
CDO, Stephen Mullowney, said these higher gold recovery rates provide increased confidence in an already robust oxide mine plan. Higher gold recoveries increase revenue per tonne and lower costs per gold ounce versus lower gold recovery rates.
Highlights
90% gold recovery systematically attained at the Buckreef Gold oxide test plant;
Grindability of 85% passing 75µ (microns) screen aperture and retention times averaging 33 hours significantly improve gold recovery;
The 90% gold recovery exceeds previously achieved and disclosed gold recovery rates; and
Test plant studies are now complete for the oxide mill feed.
“The results of the focused oxide test plant aimed at maximizing recovery of the oxide mill feed have conclusively demonstrated 90% gold recoveries. I am delighted with the results and look forward to the finalisation and commissioning of the 15 tph (360 tpd) operation,” Mr Mullowney said.
Tanzanian Gold Corporation along with its joint venture partner, STAMICO is building a significant gold project at Buckreef in Tanzania that is based on an expanded Mineral Resource base and the treatment of its mineable Mineral Reserves in two standalone plants.
Measured Mineral Resource now stands at 19.98MT at 1.99g/t gold containing 1,281,161 ounces of gold and Indicated Mineral Resource now stand at 15.89MT at 1.48g/t gold containing 755,119 ounces of gold for a combined tonnage of 35.88MT at 1.77g/t gold containing 2,036,280 ounces of gold.
The Buckreef Project also contains an Inferred Mineral Resource of 17.8MT at 1.11g/t gold for contained gold of 635,540 ounces of gold. The Company is actively investigating and assessing multiple exploration targets on its property. Please refer to the Company’s Updated Mineral Resources Estimate for Buckreef Gold Project, dated May 15, 2020.
For further information please visit: https://www.tangoldcorp.com/
