Goldteck pleased with test work

The results indicate 85% of the gold can be recovered rapidly with low cyanide consumption, the company says.

Drilling to date indicates near- surface reserves totalling 1.1 million tons and grading 0.036 oz gold per ton, which the company says is amenable to open pit mining at a low stripping ratio. Further drilling is planned beginning in April.

Bulk mining and bulk metallurgical testing are tentatively scheduled for June, with a feasibility study planned for later this year. Production could be under way by spring, 1990.

Goldteck is earning a 60% interest in the property from Rochester Minerals (VSE). Operator of the project is Teck Corp. (TSE).

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