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Bluebird Merchant Reports Excellent Results From Kochang Mine Samples

Wed, 5th Dec 2018 11:37


LONDON (Alliance News) - Bluebird Merchant Ventures Ltd on Wednesday said that test work conducted on a composite ore sample from its Kochang gold and silver mine, in Thailand, discovered "excellent results".

The miner said that the average grade of the composite sample is "almost" 5 grams per tonne of gold and 19 grams per tonne of silver. Of the 425 samples received, 230, equivalent to 54%, contained more than 1 gram per tonne of gold.

The test also showed that the mine has "excellent" potential for a low-cost drilling process.

"Metallurgical test work is a critical factor in determining the viability and economics of any mining project as well for the optimisation of ongoing operations. An ore deposit even of high grade may be compromised should the metal or mineral prove difficult or costly to extract," Bluebird explained.

It added: "These excellent results from the samples evaluated to date indicate that the ore is not problematic and does not require complicated or expensive extraction techniques and will allow the company to consider low cost options for the design and construction of its process plant."

Bluebird Merchant shares were trading down 2.6% at 1.90 pence each.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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