Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN:FSE) announced in a news release it finished Phase 2 metallurgical testing and pilot plant trials and is closer to completing the feasibility study for its Marathon palladium-copper project in Ontario, Canada.
"We are extremely pleased with the work completed in both the Phase 1 and Phase 2 metallurgical testing programs. We have advanced on a feasibility design that includes an annual production rate of 9.2 million tons per year and believe the plant flowsheet and design are an improvement on prior concepts with key elements greatly derisked," CEO Jamie Levy said in the release.
The company's phase 2 metallurgical work included locked cycle flotation testing and pilot plant trials. On pilot plant testing, percent recoveries were 92.5–94.7 for copper, 86.9–90.2 for palladium, 63.5–69.7 for platinum and 67.7–86.9 for gold.
The metals with the highest grade concentrates were silver (68 grams per ton), palladium (38.9 grams per ton), iron (24.7%), sulfur (23.6%) and copper (19.7%).
"The evaluation of Woodgrove Direct Flotation Reactors (DFR) technology for cleaner circuit flotation was also completed supporting feasibility study design concepts," the company stated.
"The phase 2 program reaffirmed expectations for metal recovery (as established in the phase 1 testing) and demonstrated the expected range of copper-platinum group element concentrate grade," the release noted.
CEO Jamie Levy stated, "The Feasibility Study is advancing very efficiently, and we expect to have the Study ready for communication later in Q1, 2021."[NLINSERT]
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Generation Mining. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.