MINERAL PROCESSING: Gold recovery from Goliath tops 96%

ONTARIO - Treasury Metals of Toronto said new metallurgical tests on material from its Goliath gold project 20 km east of Dryden successfully recovered between 96% and 97% of the gold in the sample. G&T Metallurgical Services of Kamloops, BC, conducted the tests and further determined that the material is non-refractory and free milling.

The sample tested had a measured gold and silver feed grade of about 3.5 and 25 g/t, respectively. Minor concentrations (below 0.1%) of copper, lead and zinc were also present in the sample. Silver recoveries were 50% to 60%.

Treasury said a simple gravity recovery circuit plus cyanide leach of the gravity tailings is the best option for the project. Further tests are planned.

Go to www.TreasuryMetals.com to follow the company's progress at the Goliath site.