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“The West Zone at Rowan is an area that was historically mined,”
“In the
The company’s flagship asset -
Current drilling at Rowan has tested the gold-grade down to a depth of approximately 550 meters. The Red Lake Mining District is known to host ore bodies that extend down to +4 kilometers (km) depth.
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The Rowan drill holes highlighted in the
Most of the historic production at the
HIGHLIGHTS:
Intersected4.0m @ 9.5 g/t Au, from 212m to 216m, Including0.75m @ 25.20 g/t Au, from 212m to 212.75m, Also including1.1m @ 13.0 g/t Au, from 213.25m to 214.35m.
Intersected2.7m @ 3.66 g/t Au, from 211m to 213.7m, Including0.7m @ 13.41 g/t Au, from 213m to 213.7m; And3.6m @ 3.13 g/t Au, from 221m to 224.6m, Including0.5m @ 20.01 g/t Au, from 223.6m to 224.1m; And9.0m @ 3.25 g/t Au, from 255m to 264m, Including0.5m @ 51.67 g/t Au, from 259.9m to 260.4m.
Intersected1.0m @ 12.21 g/t Au, from 185m to 186m; And2.0m @ 10.84 g/t Au, from 406m to 408m, Including0.5m @ 42.60 g/t Au, from 406m to 406.5m.
Intersected1.0m @ 16.19 g/t Au, from 420m to 421m, Including0.5m @ 31.65 g/t Au, from 420.5m to 421m.
Intersected3.5m @ 3.22 g/t Au, from 92.5m to 96.0m, Including 0.55m @ 15.90 g/t Au, from 93.95m to 94.50m; And2.0m @ 6.09 g/t Au, from 203m to 205m, Including0.6m @ 19.99 g/t Au, from 203.7m to 204.3m.
Intersected0.5m @ 17.78 g/t Au, from 218.5m to 219m.
Intersected1.5m @ 3.93 g/t Au, from 281m to 282.5m, Including0.5m @ 10.68 g/t Au, from 282m to 282.5m.
“The work completed at Rowan during 2023 was catalyst rich, and not only demonstrated the high-grade growth potential of the deposit, but also our commitment to sustainable exploration and development in
“Working towardsa restart scenario at the
In 2023, WRLG drilled a total of 62 holes for 20,211.4 meters of NQ diamond drill core at the
70.80 g/t Au over 8.3min hole RLG-23-163B (see press release dated
September 12 th50.52 g/t Au over 4.0min hole RLG-23-149B (see press release dated
August 1 st66.66 g/t Au over 2.0min hole RLG-23-153 (see press release dated
August 29 th45.20 g/t Au over 2.0min hole RLG-23-166B (see press release dated
October 11 th10.34 g/t Au over 8.0min hole RLG-23-134 (see press release dated
May 23 rd
Resource investors tend to focus on drill results, but metallurgy is an equally critical component of a precious metal project.
“Process metallurgyis concerned with the extraction of metals from their ores and the refining of metals,”states Science Direct.
On
The metallurgical test work was completed using the Madsen Mill Flowsheet with the same specifications and parameters currently in place at the Madsen Mill.
Test work completed on the Rowan Master Composites (MCs) indicates that Rowan vein material can be processed through the
Madsen Mill with minor changes to the existing flowsheet.The results indicate the MCs tested produce very high gravity recovery with overall gold extraction above 98% after a 48-hour cyanide leach of the gravity tailings.
Gravity Recoverable Gold (GRG) ranged from 75.8% to 94.9% and the gold was found to be coarse to very coarse.
At a primary grind of 80% passing (P80 75 microns, very low cyanide consumptions, below 0.23 kilogram per tonne (“kg/t”), were required to achieve gold extractions above 98%.
“It is worth noting that 75-95% of that recovery is coming from the gravity circuit on the front end of the mill,” Robinson told GSN. “It’s what we call ‘easy ounces’. It radically improves the economics of the operation.”
“Overall gold extraction at
“The high percentage of gold that is able to be extracted via gravity methods furtherincreases our confidence in the Rowan Depositas a future source of high-grade,easily recoverable gold ounces that could potentially add a significant boost to the overall production profile at Madsen,” added CEO
The price of gold hit a high of USD
In October, 2023 (the last month of official records)central banks added 42 tonnes of goldto their official reserves. The Shanghai Gold Benchmark Pricerose 17% in 2023. The People’s Bank of China increased their gold reserves in 2023 by 225 tonnes to 2,235 tonnes.
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Source:https://www.gold.org/goldhub/research/market-primer/gold-market-primer-market-size-and-structure
On
WRLG CEO
References:
1.
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