Following up last year’s acquisition of interests in hard-rock properties in Tajikistan, Gulf International Minerals (VSE) has signed a joint venture covering a placer gold tailings project in the country.
Gulf can earn a half interest in the Darvaz project by paying fuel costs and providing new equipment and technical supervision. The Tajiks will provide labor, existing equipment and electricity.
Darvaz is the country’s largest alluvial gold deposit and has produced about 22 tonnes of the yellow metal. The estimated volume of tailings exceeds 2.5 million cubic metres, grading in the order of 2 grams gold per cubic metre. Processing the material will cost about 35 cents per cubic metre. Bulk samples of the tailings have been brought to Canada to test the grade and various recovery technologies.
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