|By Marketwired .||
|March 24, 2014 10:57 AM EDT||
THUNDER BAY, ONTARIO -- (Marketwired) -- 03/24/14 -- Mega Precious Metals Inc. (TSX: MGP) ("Mega" or the "Company") is pleased to announce that bench scale metallurgical testing has been initiated on representative core samples from the Twin Lakes deposit. A metallurgical process has been identified for the production of gold and the co-production of tungsten and is currently being optimized for a preliminary economic assessment.
The deposit has been classified into two discrete zones for metallurgical testing purposes with definition of "gold zones" and "gold-tungsten zones". Representative sampling of core has indicated that gold is present as free gold and is also associated with sulfide and non-sulfide mineralization. Tungsten occurs predominately as free scheelite grains in quartz carbonate veins that are within a broad brecciated gold-tungsten zone (see press releases February 20, 2014, January 16, 2014). Composite samples of drill core for the metallurgical test program contained 2.27 g/tonne gold with 0.021% w/w tungsten (as WO3) in the gold zone and 1.32 g/tonne gold with 0.42% w/w tungsten (as WO3) in the gold-tungsten zone. Highlights of the initial metallurgical results include:
-- Bench scale testing indicates that 95% of the gold is recovered by bulk sulfide - gold flotation for the gold zone, to achieve a concentrate containing 40 to 50 g/tonne gold. Work remains ongoing on subsequent oxidative and cyanide leach stages to recover gold from the float concentrate. -- For the gold-tungsten zone, gold is expected to be first floated with the bulk sulfide float, followed by subsequent treatment of the tails to recover tungsten. -- Work remains ongoing on both gravity separation and flotation for recovery of tungsten from the gold-tungsten zone. Initial gravity separation test work has been completed on six discrete tungsten feed size ranges. This showed a peak recovery for tungsten of 87%, based on a concentrate grade of 2.0% WO3 in the particle size range of 20-250 microns through gravity separation. This result is not a proxy for whole ore gravity separation but shows significant gravity recovery potential for tungsten. Tungsten flotation will be utilized to optimize overall tungsten recoveries.
Glen Kuntz, P. Geo, President and CEO of Mega stated that "We are very pleased to have a complete preliminary characterization of the gold zone mineralization and preliminary metallurgical tests to define a technically viable process which will produce a gold dore bar and co-produce tungsten concentrates from both ore zones at the Twin Lakes deposit. Relative to other tungsten ore types, the Twin Lakes deposit has a unique ore composition and metal separation characteristics for competitive processing, relative to processing cost and product purity. We are now in a position to continue with metallurgical process development test programs to define the process design for industrial scale gold and tungsten recoveries and related gold-equivalencies for the upcoming preliminary economic assessment."
Since October of 2013, Thibault & Associates Inc.("Thibault") of Fredericton, New Brunswick have been working under contract with Mega to develop a metallurgical process tailored to the Twin Lakes deposit. In addition to development test programs and design of processing systems for gold metallurgical and hydrometallurgical processing, Thibault has developed process systems for various tungsten ore deposits in Canada, South America, Europe and Vietnam for the production of tungsten (both scheelite and wolframite concentrates), ammonium paratungstate (for tungsten carbide production) and tungsten chemicals.
The preliminary process flow sheet is as follows:
Various conventional process technologies for the development of the Twin Lakes processing facility has been identified by Thibault. The current bench scale metallurgical test program is focused on i) bulk sulfide - gold flotation for primary separation of tungsten and gold, ii) processing of the bulk sulfide - gold concentrate by hydrometallurgical process technology for the production of a gold dore bar and iii) co-production of tungsten concentrate by a gravity-flotation process technology.
Processing technology has been identified for processing run-of-mine ore from the gold ore zone and the gold-tungsten zone as independent feed to a processing facility. Bulk sulfide - gold flotation is used to recover gold from either ore zone and a fully integrated gold - cyanide hydrometallurgical process is used to process the bulk sulfide - gold concentrate which is recovered from both ore zones. Bench scale testing that 95% of the gold is recovered by bulk sulfide - gold flotation from the gold zone, to achieve a concentrate containing 40 to 50 g/ tonne gold. Direct leaching of the bulk sulfide - gold concentrate with cyanide has indicted that a fine grind and pre-oxidation (prior to a cyanide leach) of the bulk sulfide concentrate is required to maximize gold extraction and recoveries. Bench scale tests are in progress to optimize leach recovery with results expected to be released in Q2 2014.
The separation of gold in the gold-tungsten zone sample has been achieved by bulk sulfide - gold flotation. Low levels of tungsten report to the gold sulfide float leaving the tails as feed for tungsten concentration steps.
Preliminary tests have identified that the upgrading of tungsten in the bulk sulfide - gold flotation tails can be achieved with gravity separation and/or tungsten flotation. Tungsten concentrate produced from the gravity release test is illustrated for each size fraction as shown in Figure 1 to 3. As a follow up to the bulk sulfide - gold flotation and the gravity release tests, gravity and tungsten flotation tests are in progress to optimize tungsten recoveries. The flow sheet has been designed with a target to produce a commercially saleable tungsten concentrate with a grade of 65% WO3.
Based on the tungsten liberation characteristics of the Twin Lakes deposit, tungsten flotation has been identified as the primary unit operation for the production of tungsten concentrates. Treatment of the ore prior to tungsten flotation using gravity separation is under review to improve on the production costs - relative to a reduction in tungsten flotation reagent consumption. Bench scale tests are also in progress to optimize on tungsten (scheelite) flotation operating parameters, relative to the Twin Lakes deposit.
Preliminary bench scale metallurgical tests completed to date have identified a clear process development strategy for the Monument Bay Gold - Tungsten project. Further work is in progress with results expected late Q2 2014.
To view Figure 1-3, please visit the following link:
J. Dean Thibault, P.Eng., Senior Process Chemical Engineer and Principal of Thibault & Associates Inc., located in Fredericton, New Brunswick, is acting as a Qualified Persons in compliance with National Instrument 43-101 with respect to the metallurgical bench scale process development test program and process flowsheet design information contained in this release and has reviewed the contents for accuracy.
Mega Precious Metals Inc. is a leading Canadian-based exploration company with a high quality pipeline of projects located in the mining friendly jurisdictions of Manitoba, Northwestern Ontario and Nunavut. The Company's significant portfolio includes the flagship Monument Bay Gold Tungsten Project in NE Manitoba as well as the N. Madsen Gold Project in the prolific gold mining district of Red Lake, Ontario. Mega has established a record of delivering rapid growth through their focused and low cost approach to exploration and resource development. The Company's common shares trade on the TSX Venture Exchange under the symbol MGP.
Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
Mar. 1, 2015 02:00 AM EST Reads: 3,001
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...
Mar. 1, 2015 12:00 AM EST Reads: 2,927
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
Feb. 28, 2015 05:00 PM EST Reads: 1,354
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
Feb. 28, 2015 05:00 PM EST Reads: 1,158
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
Feb. 28, 2015 04:00 PM EST Reads: 1,381
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been ...
Feb. 28, 2015 04:00 PM EST Reads: 1,106
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
Feb. 28, 2015 03:45 PM EST Reads: 2,209
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
Feb. 28, 2015 03:30 PM EST Reads: 3,982
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Feb. 28, 2015 03:15 PM EST Reads: 1,247
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
Feb. 28, 2015 03:00 PM EST Reads: 2,162
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
Feb. 28, 2015 02:00 PM EST Reads: 1,220
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
Feb. 28, 2015 01:45 PM EST Reads: 1,151
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
Feb. 28, 2015 01:15 PM EST Reads: 1,032
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...
Feb. 28, 2015 01:15 PM EST Reads: 2,402
SYS-CON Events announced today Arista Networks will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Arista Networks was founded to deliver software-driven cloud networking solutions for large data center and computing environments. Arista’s award-winning 10/40/100GbE switches redefine scalability, robustness, and price-performance, with over 3,000 customers and more than three million cloud networking ports depl...
Feb. 28, 2015 01:00 PM EST Reads: 1,498