The consortium’s goal is to install a pilot plant at a Jeddo Coal Company site in Pennsylvania capable of producing 1-3 tonnes of rare earth oxides from coal byproducts.
To date, over 80% of the holes drilled into the LP fault, Dixie Limb and Hinge zones returned visible gold, with the mineralization in the form of free gold, and not bound to or within sulphides.
Drill highlights include 29.2 metres of 0.54% copper starting at surface from the New Year zone, with a higher-grade 2.3-metre section of 1.95% copper from 11 metres.
Study suggests a 16,875 t/d heap-leach operation, using existing processing capacity, generating an average of 69,000 gold oz. per year between 2021 and 2027 at AISCs of $1,204 per oz.