20th Aug 2018 12:49
LONDON (Alliance News) - Crusader Resources Ltd on Monday said it is progressing well on a bankable feasibility study for its Borborema gold project, located the Serido area of north-eastern Brazil.
As part of the bankable feasibility study, the company is undertaking an technical and financial optimisation of the Borborema gold project.
This optimisation work includes detailed metallurgical test work utilising samples from eight diamond drill holes which have provided six tonnes of samples from 1,200 metres of core.
Metallurgical testing is focusing on 40 composites along strike and down dip, which will be subjected to a matrix of gravity-leaching test work.
Crusader Resources said short-range variability testing will be undertaken to populate a geo-metallurgical model to forecast process recovery.
In addition, bulk test work will generate the key design parameters needed to take the bankable feasibility study forward by providing the basis for capital and operating cost estimation.
"The metallurgical test work on the Borborema gold project bankable feasibility study is progressing well and is delivering some key positives with regard to optimising work-streams," said Chief Executive Marcus Engelbrecht.
Shares in Crusader Resources were untraded on Monday, last quoted at 1.65 pence each.
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