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Tarachi Gold Corp. has announced the completion of final metallurgy results for its Magistral Mill and Tailings Project. The tests, conducted at SGS Lakefield and Base Metallurgy Labs, reveal that up to 99.9% of copper can be precipitated into high-grade SART concentrate. This process is expected to improve gold recovery in the Merrill-Crowe circuit. Additionally, lower mercury solubility than previously estimated may reduce smelter penalties. However, the overall gold recovery is projected to decline slightly compared to initial estimates.
Tarachi Gold Corp. (CSE: TRG, OTCQB: TRGGF) announced progress on its Magistral Mill and Tailings Project in Mexico. Key metallurgical tests are nearing completion, expected by mid-July. The introduction of a SART circuit aims to enhance gold recovery and reduce cyanide use. Ongoing discussions with capital providers for project funding are contingent on these test results, which will inform the viability of the venture. Despite recent commodity price declines, management anticipates high returns, with an AISC of $705/oz Au and an after-tax IRR of 85%.
Tarachi Gold Corp. (CSE: TRG; OTCQB: TRGGF) announced an amendment to its option agreement with Minerals de Tarachi, resulting in a significant reduction of future cash obligations by $1,300,000 USD. The revised terms allow Tarachi to focus on more promising mineral concessions, including Jabali and San Javier, while minimizing near- and medium-term cash commitments. The total area of the Tarachi project, encompassing these concessions, is now approximately 2,623 hectares. This strategic move is expected to enhance exploration efforts in Sonora, Mexico.
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