Jun 13 2014
Zoloto Resources Ltd with milling operations in Ecuador, has completed independent analysis of the initial tailings pile for the Zumba mill.
The mill was designed to be economical based on a minimum head grade of 2.5 gms of gold per ton which would generate 2 kilograms (63 ozs) of gold per concentrator per month. The independent analysis showed that the head grade will average 6.1 gms per ton which will generate 5.0 kilograms
(154 ozs) of gold per concentrator per month. In addition to the gold content, the analysis of the ore has indicated that there is an average grade of 29.16 gms of silver per ton.
The Zumba mill will be operational by August 15, 2014. Zoloto will receive revenue from processing the ore as well as a percentage of the gold and silver produced.
The Company will continue pursuing milling opportunities in Ecuador. The current processing capacity of the mill will be 50 tons. The processing capacity will be increased to 100 tons per day by October 2014.
Source: Zoloto Resources Ltd