May 7 2014
Zoloto Resources Ltd with milling operations in Ecuador has started a second phase of its operations.
The Company has begun contracting with small independent miners to process their ore and tailings. Portable concentrators are being used to produce concentrate for the mill. The portable concentrators are very efficient and suited for the recovery of precious metals from stamp and ball mill products, dump tailings, rubble beds and alluvial sands. These portable concentrators are using cleaner and lower energy technology. The portable concentrator does not use chemicals, only water and recovers gold and silver. It does not use mercury or cyanide and has low power requirements, high capacity and electric/petrol drive.
It is projected that the head grade will be a minimum of 2.5 gms of gold per ton, which will generate 2 Kilograms (63 ozs) of gold per concentrator per month. The company is starting with 2 concentrators in the first six (6) months and expects to expand to 4 concentrators by the end of the first year. The revenue generated by the portable concentrators is in addition to the revenue projected to be generated by the mill which has a capacity of 50 tons of ore per day.
The Company intends on pursuing opportunities in Ecuador. The Company feels that these opportunities will generate substantial cash flow for the Company allowing for significant growth over the next year.
Source: Zoloto Resources Ltd