Recent prefeasibility optimization metallurgical test work by Geologix Explorations Inc. (TSX:GIX,FWB:GF6,OTCQX:GIXEF) indicates the potential to increase overall silver recovery in the sulphide mill design by 31.4% compared to the April 2011 Preliminary Assessment Study.
As quoted in the press release:
Sulphide processing material in the PA accounted for 90% of the total processed material (10% Oxide).
Geologix President and CEO Dunham Craig said:
The Company believes the PFS optimization study benefited the project due to allowing a design that will closely reflect and expedite a future definitive study. As an added benefit, during the optimization study period additional vendor quotations were obtained, increasing the accuracy of the PFS study. A cost benefit study is underway to process the oxide material in the mill which has the potential to assist in reducing initial capital requirements and allow operating efficiency.
Get Our Expert Guide to Silver Investing FREE!Download this FREE Special Report, When Will Silver Go Up: Is the Highest Price of Silver Still to Come?