Perth, April 1, 2009 AEST (ABN Newswire) - As detailed in the Company's announcement dated 26 March 2009, Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) has been testing a number of possible processes for on-site gold metal recovery from flotation concentrate at its Silver Hill gold/silver/copper project.
Following detailed comparisons two process streams have been selected, one being on-site treatment of low grade concentrate and the other a sale of high grade precious metals concentrate to smelter refineries.
Conquest is pleased to announce that it is currently in advanced negotiations with 2 Chinese gold smelters with respect to sale of the high grade concentrate.
In late 2008 Conquest dispatched concentrate samples containing gold grades of 20 g/ton to China for testing of compatibility with existing smelter facilities. Confirmation has been received that the smelting facilities can successfully process the 20 g/ton concentrate samples.
Formal requests have now been received from the Chinese smelters for high grade 60 g/ton gold samples which will form the basis under which terms for an off-take agreement will be formulated.
The Company's objective has been to advance research on marketing opportunities whilst simultaneously preparing a pre-feasibility study so that there are no delays on the Silver Hill project at the point a decision is made to progress to full feasibility.
Contact
John Terpu
Managing Director
TEL: +61-8-9240-4111
FAX: +61-8-9240-4054
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