MAS Gold reports encouraging initial metallurgical results for Point

According to Mining News Pro - “Achieving preliminary flotation gold recovery test results of greater than 88% from our Point gold deposit is very encouraging, especially as these results closely match the better than 89% flotation recoveries previously reported for our North Lake gold deposit,” Ron Netolitzky, the company’s president and CEO, said in a release. “Although more metallurgical studies are required, the similarity of the North Lake and Point metallurgical recoveries suggest the possibility of the Point deposit as a source of high-grade, gold mineralized feed that could be co-mingled with material from our North Lake deposit for processing at a centralized mill, further supporting our hub-and-spoke mining and processing thesis for our properties in the La Ronge gold belt.”

The testwork results indicate that flotation followed by cyanidation and on-site production of gold-silver doré would be the likely optimal option for the Point deposit; this same flow sheet was brought forward for North Lake material.

MAS holds a total of 338 sq. km of ground within four properties in Saskatchewan’s La Ronge belt. In March, the company released a maiden mineral resource for the North Lake deposit, with 14.1 million tonnes grading 0.92 g/t gold for a total of 417,000 oz. Both North Lake and Point are located within the Preview North area.