Posted in | News | Gold | Mining Business

Goldfield International Supplies Advanced Mineral Extraction System to Pembina

Maxam Gold Corporation, a gold mining and development company, announced today that a equipment supplied by Goldfield International will be the processing equipment for Pembina.

A new state of the art mineral extraction system, supplied by Goldfield International, Inc. ("Goldfield") of Provo, Utah will be employed for the separation and recovery of gold from the mined materials. This planned system is comprised of an Alaskan 100 Wash Plant, capable of handling 100 YPH, followed by a 42" Duplex Jig and a 42" quadplex jig. The final section of the recovery system consists of a 30" duplex jig, a 24" round Jig, a 24" magnetic separator and a Goldtron concentrator table. Water for the operation of the extraction/recovery system will be provided by an 8" diesel water pump.

The company's purchase of U.S. manufactured equipment will afford it the use of Political Risk, Currency Conversion and other insurance benefits the U.S Governments Overseas Protection Insurance Corporation ("OPIC"). The Company anticipates that once the equipment clears customs in Nicaragua, it will take from four to six weeks to transport it to its mining site, set it up and place it into production.

Per company Director, Mr. Delgado Lopez , mechanized mining operations in the concession area yield recoveries ranging from 3.0 to 4.5+ grams of gold per cubic meter of gravel processed. Geological reports estimate there are approximately 5,824,000 cubic meters of gold bearing material in these areas in and around the districts river system.

Pembina Limitada, S.A. will start processing 100 to 150 metric tons per day and will increase production as more equipment is delivered to the concession. The company projects that this will result in revenue of approximately $700,000 per month in gold recovered, with a preliminary cost of $250,000, which is a profit margin of 64%, or $450,000 per month. The overall profitability will increase as more heavy equipment is acquired and put into production.

Source: http://www.max-amgold.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit
Azthena logo

AZoM.com powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from AZoNetwork.com.

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.