New Found Gold's Phase III Metallurgical Results Boost Confidence
Exciting Progress in Gold Recovery at Queensway
New Found Gold Corp. is thrilled to share remarkable results from their latest Phase III Metallurgical Testing Program focused on the Queensway Gold Project. This program specifically evaluated samples from the Keats West zone, revealing impressive gold recovery rates that bolster the project's economic outlook.
Significant Findings from the Phase III Program
The Phase III program executed by New Found Gold has delivered exhilarating results, particularly highlighting the Keats West master composite sulphide samples. The testing produced a remarkable gold concentrate with an average recovery rate of 89.2%, confirming rates established in prior assessments.
Highlights from the Results
- The recovery rates align well with projections utilized in the preliminary economic assessment and confirm the efficacy of the processes described.
- The testing validated that a saleable gold concentrate can be produced efficiently.
- Further testing of select low-grade samples from various zones indicated an average recovery of 87%, showcasing the robustness of the chosen methodologies.
- Plans are in motion for an additional feasibility study to further refine these findings, with comprehensive metallurgical test work anticipated in the near future.
CEO's Insights on Recent Achievements
Keith Boyle, the Chief Executive Officer of New Found Gold, expressed satisfaction with the latest test results, emphasizing their importance in confirming high gold recovery potentials. The results affirm their commitment to refining the feasibility studies associated with the Queensway project.
A Closer Look at the Program Overview
Initiated in late 2024, the metallurgical test work involved detailed assessments on master composites from Keats West and select samples from surrounding areas. The testing aimed at providing a comprehensive evaluation of mineralized sulphide samples, ensuring that the results accurately reflect the variability in gold grades.
Laboratory Collaboration and Technical Details
The metallurgical work has been carried out by Base Metallurgical Laboratory Ltd., a reputable entity known for its thorough testing protocols. The results from this phase have greatly enhanced the understanding of the mineral composition and the potential for high recovery.
Mineralogical Studies Contributing to Enhanced Recovery
Notable findings from mineralogical gold deportment studies have been crucial in assessing the gold recovery process. The studies indicated a consistency in the rock mineral assemblage across tested samples, with significant concentrations of pyrite and arsenopyrite in the mineralized materials.
Next Steps and Future Endeavors
Looking ahead, New Found Gold plans to conduct additional studies, including establishing geometallurgical models and completing variability tests across mineralized zones. The anticipated outcomes will lay the groundwork for a sustainable and efficient approach to gold extraction.
Technical Report Filed
A technical report for the Queensway project has been officially filed and is available for review. This report is vital for stakeholders interested in the project's detailed evaluations and future potential.
About New Found Gold Corp.
New Found Gold is an advanced-stage exploration company committed to discovering and developing gold reserves. The recently reported achievements in gold recovery affirm the company's strategic focus and innovative approach to mining.
Frequently Asked Questions
What results were announced regarding the Phase III Metallurgical Test?
New Found Gold announced that their tests showed an average gold recovery rate of 89.2% from the Keats West zone.
Who is the CEO of New Found Gold?
Keith Boyle serves as the CEO of New Found Gold Corp.
What is the Queensway Gold Project?
The Queensway Gold Project is an advanced exploration project located in a prime gold district known for its significant resource potential.
What future plans does the company have?
The company plans further metallurgical testing and comprehensive studies to enhance their recovery processes and support future feasibility studies.
Where can I find more information about New Found Gold?
More information can be found on their official website and in the recent technical report filed with relevant securities regulatory authorities.
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