Metallurgical Results Brookbank Gold Deposit
posted on
Nov 07, 2010 10:41AM
Edit this title from the Fast Facts Section
In 1986; Gold $400; Hudson Bay Mining requested Wittech Development Inc., to complete a study of mineralogy and metallurgy on a sample of gold bearing ore from the Brookbank gold deposit near Beardmore/Jellicoe Ontario,20 km east of Northern Empire (43-101+Mill), Sand River/Leitch) & 60km west of Geraldton(Hardrock Deposit)/Key Lake prospect.
Results: on July 14, 1986; the test work on gold ore was completed and the mineralogical studies indicated that the precious metal mineralization consisted of gold-silver particles with an approximate ratio of 80:20. The data indicated that excellent recoveries can be obtained and that the ore should present no major metallurgical difficulties.
1987/8 Gold $450; Minorco a subsidiary of Hudson Bay Mining presented a proposal for production. Concurrently, Ontex (now Goldstone “GRC”) initiated legal proceeding against the property operator, Metalore Resources. Ontex’ interest in the Brookbank deposit had been reduced to 10%. Subsequently, Hudson Bay withdrew.
In 1990, Gold $400; Placer Dome provided an Indicated Mineral Inventory estimate; and withdrew because of protracted legal proceedings.
In 1998, Gold $290; all litigation was settled. Ontex regained 100% interest and took over as operator.
In December 2009, Goldstone Resources was formed by a merger between Ontex Resources and Roxmark Mines. Goldstone Resources “GRC” now owns 100% of the Brookbank Gold Deposit.
Monday Oct. 18, 2010 - Gold $1369; In a News Release GRC stated that “A preliminary economic assessment “PEA” of the Brookbank deposit is being finalized by Micon International.”
----- When finalized, a definitive News Release is expected regarding the Brookbank Deposit “PEA”.