Sunergy Update: Hazen Research, Inc. Report Proves Appreciable Gold Contained In Stockpiled Pampana Sands Which Is Easily Rec... |
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Sunergy, Inc. (the " Company ") (OTCQB:SNEY) During the currency of our LOI with Tantalus Resources, two samples from The Pampana River Sands, one from our existing Stockpile and another direct from the banks of the Pampana river where we work were collected by Tantalus and Sunergy personnel and provided to Hazen Research , Inc. of Golden, Colo. This Preliminary Report can be reviewed in its entirety on our website. www.sunergygold.com . Hazen states, "This report presents the results of chemical analyses, mineralogical characterization, and preliminary beneficiation tests of heavy mineral sands from Sierra Leone that were conducted by Hazen Research, Inc... and the objective of the study was to determine the general mineralogical composition of the sands with emphasis on the occurrence of the niobium–tantalum and particularly the precious metals." Hazen starts its Conclusions and Recommendations section with the following: "Based on the results of this preliminary investigation, the Stockpile sand contains appreciable gold which is easily recoverable by magnetic and gravity separation"... In The Mineralogical Examination Section Hazen states: "To provide evidence of the occurrence of randomly distributed free placer gold, a 100 g grab sample of the blended Stockpile sample was separated using a high-intensity rare earth hand magnet to separate the paramagnetic ilmenite from the nonmagnetic constituents, including the gold. Both magnetic products were assayed for gold and PGMs. The results show that about 99% of the gold is in the nonmagnetic product which assayed 14.4 g/t Au and represents about 28% of the total weight of the sample." Advisory Board member, David J. Salari , PEng says; "Both samples (stockpile and black sands) indicate a high ilmenite number. Calculated Head Au grade of 5.4 g/ton in the stockpile looks very good and definitely dictates further work in this area. Indication of coarse gold particles in the stockpile as well as a Au gold recovery (84.9 %) in the non-magnetics plus 603 g/T grade would be my first area to develop. They indicate further upgrading of the table concentrates. I believe a Au smeltable product could be attained with another cleaning stage and also a simple pilot plant could be installed to commercially show us and generate some cash flow. A parallel circuit to recover and produce the ilmenite could be done at the same time. The other elements could be further developed 'down the road' but from this work, it definitely shows that money could be made now." President Bigler comments: "I am very pleased and thankful to get this good news so early in my tenure with Sunergy. We appreciate the good work already done by Sunergy, Tantalus and Hazen in this preliminary report. I also have tremendous confidence in David Salari 's expertise and his considered opinion. We have worked together successfully in the past and he comes to us at a time when we all can benefit from his expertise. We await further information from Hazen on the recommended equipment for the proposed Pilot Plant facility that we plan to set up in Sierra Leone . We already own some gravity recovery and finishing equipment that should contribute to future cost savings on the balance of equipment required to start our planned cash flow and resource/reserve development in Sierra Leone this year." More news will be forthcoming shortly. |
Sunergy Update: Hazen Research, Inc. Report Proves
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