Freeman Gold (CSE: FMAN) continues to progress its Lemhi Gold project in Idaho towards an operating mine. The firm this morning reported initial results from metallurgical testing conducted on drill core material collected at the property.
The initial testing has demonstrated recovery rates beyond 95% for the property, with testing conducted on a wide range of head grades. Cyanide leaching had the best response for the material, with gold recoveries coming in as high as 98% 36 hours after application.
Results from the program are a significant improvement over company expectations, with historical testing on the property returning recovery rates of 70% on average. Work will continue to be conducted by the company on improving recovery rates beyond the current 95% to 98% rates being exhibited as the company works towards a preliminary economic assessment of the property.
“The leach response at Lemhi has consistently, over a wide spatial area and grade range of the resource, provided gold recoveries in the mid to upper 90% range. The initial metallurgical response is very encouraging and strongly supports continued studies to advance the property into a preliminary economic assessment,” commented Frank Wright, an independent consultant conducting metallurgy on the property.
Freeman Gold last traded at $0.345 on the CSE.
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