Ruth Nankabirwa( Ssentamu)’s Post

It’s actually quite obvious why there’s such a big interest around the unrecovered gold just sitting there for years on our tailings dams. Like all metals gold also follows a cyclic history. So even though the topic has previously been ‘researched to death’, it’s like the same topics get a ‘new life’ every time the gold price starts reaching new heights. Just to give some historical context to the topic I’ve attached a ‘not so clear’ pdf from 1989 which kinda summarises the topic quite succinctly. And by the way, this topic about the ‘gold sitting on the tailings dams around Johannesburg’, was researched and measured and talk about ‘to death’! However, the topic only garners renewed interest once the gold price becomes progressively more attractive!

Eish! The tailings dumps around Johannesburg has been mined for years. It’s a known fact that the original historical mines were never able to extract 100% of the gold, with most of the unrecoverable gold lock in fine silicates as even finer gold particles. So even the reprocessed tailings operations over the years had an average Au recovery of about 50%. Which is the metallurgical rule of thumb for simply taking the tailings as is, washing into a cyanidation plant and recovering the gold into carbon. So there are a number of practical and economic constraints which has resulted in there still being ‘a lot’ of gold still ‘left on the ground’ so to speak. It is not rocket science. Processing them economically in 2024 is not an automatic conclusion and should not be confused with the fact that the gold has been ‘left behind’ over the years. Considerably increasing the throughput improves the economic case considerably and does make it more feasible to re-treat the gold left behind. However, higher throughputs come with higher capital costs which become orders of magnitude higher than most ‘junior miners’ would want to commit to. That leaves companies with very big pockets which will probably have like 10 other big projects with much more favourable economic outcomes to choose from. So yeah! Good luck with trying to ‘reinvent the wheel’!

Koryx Copper Strikes High-Grade Deposits in Namibia - TipRanks.com - TipRanks: Koryx Copper Strikes High-Grade Deposits in Namibia - TipRanks.com  TipRanks

Riversgold Limited (ASX:RGL) chairman David Lenigas sits down with Proactive’s Jonathan Jackson to discuss excellent results stemming from a site visit to sample multiple prospects at its Tambourah Project. During the visit Riversgold sampled multiple prospects at Tambourah, located 160 kilometres southeast of Port Hedland in Western Australia. The visit returned exceptional rock chip results, including 101 g/t #gold and 21.78% #copper. These findings validated historical exploration results and confirmed an anomalous copper and gold trend over a 12-kilometre strike length. Significant results included a rock chip from the Lone Star prospect with 101 g/t gold and 4.1% copper, and samples from the Hawkstone prospect yielded 21.78% copper and 3.3 g/t gold, and 16.78% copper and 2.4 g/t gold. Additionally, the Logans Find prospect registered up to 67.1 g/t gold. This news increased RGL's share price by... Watch at #Proactive #ProactiveInvestors #ASX #goldexploration #copperexploration #smallcaps https://lnkd.in/gEFAFSEK

Aruma Resources Ltd (ASX:AAJ) managing director Glenn Grayson sits down with Proactive’s Jonathan Jackson to discuss high-grade #copper assays from the Fiery Creek Copper Project in the Mt Isa copper belt, northwest Queensland. Surface rock chip sampling by previous explorers, including Sumitomo and Anglo American, revealed significant copper grades with highlights such as 36% copper (Sumitomo), 25.4%, 15.2% and 11.2% copper (Anglo American). The Fiery Creek Project encompasses prospects like Fiery Creek, Twilight, Hellfire and Piper and is underexplored but in a geologically favourable area analogous to known copper deposit regions within the Mount Isa Inlier. The project has seen limited historical drilling with anomalous copper results and extensive hematite alteration indicative of a fertile copper system. Watch at #Proactive #ProactiveInvestors #CopperMining #MiningAustralia #BatteryMetals https://lnkd.in/ewvxBhPp

The Witwatersrand Gold Rush began in 1886 and led to the establishment of Johannesburg, South Africa. This chart impressively shows how this fairly small region dominated global gold production for a long time. The famous California gold rush is small in comparison.

This week gold mapping hope this helps you to understand what gold will do eventually this week. Pay attention to the swing axis. #gold #forexanalysis #forexmarket

Dover Castle is a unique multi-element deposit in North Queensland that features several critical and essential metals as defined by the Australian Government Critical Minerals list : https://bit.ly/42IuX0z With a Mineral Resource Estimate boasting 128m ounces of Silver Equivalent and including Silver, Lead, Tin and Zinc

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