Geologix Explorations Inc. Increases Mill Gold Recovery 16%, Silver 31% According to PFS Optimization Study
Recent prefeasibility optimization metallurgical test work by Geologix Explorations Inc. (TSX:GIX,FWB:GF6,OTCQX:GIXEF) indicates the potential to increase overall gold recovery in the sulphide mill design by 16.4% and silver recoveries 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.