🕐14.05.10 - 09:48 Uhr
Navigator Resources - Leonora Trial Milling Update
Navigator Resources
ASX ANNOUNCEMENT
ASX Code: NAV
14 May 2010
LEONORA TRIAL MILLING UPDATE
Navigator Resources Ltd (ASX: NAV) is pleased to provide the following
progress report on the first ore processing trial completed in April 2010
from its 100% owned Leonora Gold Project (LGP).
Highlights
8,918 tonnes Bruno open pit ore milled.
Excellent gold recovery of over 98%.
Reconciled ore grade of 2.83g/t significantly higher than the average grade
estimated by the Resource modelling.
796.8oz of gold produced which generated $1 million of revenue.
No metallurgical issues identified.
Next milling campaign commenced yesterday (13 May).
The first parcel of ore in the 75,000 tonne trial mining and milling
program was milled through St Barbara Limiteds Gwalia processing plant
during the period 13th to 19th April 2010.
St Barbaras processing plant is designed for treating predominantly
hardrock/primary ore.
However, having regard to the mine schedule and
availability of ore, it was decided to process exclusively Bruno supergene
ore as the first ore parcel.
This has enabled Navigator to test the grade
of the Bruno supergene ore compared to the ore grade as estimated by
Resource modelling of material from within the pit design.
Significant rain during ore haulage resulted in damp supergene clay ore
from Bruno being delivered to the mill.
This resulted in lower throughput
rates than would normally be expected from oxide material.
Mill throughput averaged less than 100 tonnes per hour, which is below the
optimal throughput level of the plant and less than St Barbaras throughput
on underground 2 hardrock ore.
Due to the soft nature of the ore and the
slow feed rate, the grind was very fine with 100% passing 75 microns with a
mean of ~20 microns.
This led to low levels of gold reporting to the
gravity circuit and the majority reporting to the leaching circuit.
Despite the low amount of gravity gold, recovery through the plant was very
high at 98.2% which confirmed that the ore is amenable to normal CIL
treatment methods.
The average grade of the Bruno ore from within the pit design had been
estimated at 1.7g/t gold.
The final plant reconciliation head grade was
2.83g/t gold, thus indicating an overcall of 66% for the gold grade of the
processed ore.
The overcall is significant and whilst the Company believes
this first parcel of ore was representative of the ore mined to date from
the Bruno pit, the next milling campaign will add further information on
whether this grade uplift could reasonably be expected over the entire
Bruno pit.
Results Summary
Tonnes Milled 8,918 tonnes
Head Grade 2.83g/t Au
Recovery 98.2%
Fine Gold Produced 796.8oz
Sale Value A$1,007,000
NEXT MILLING CAMPAIGN
The second milling campaign commenced yesterday (13 May) and it is intended
to treat approximately 25,000 tonnes of material which will comprise a
blend of Mert 2 hard rock and Bruno soft supergene ore types.
This mix has
been selected to provide a better flow of material through the plant which
will result in less hang-ups and
therefore better throughput rates.
Navigator continues to gain valuable information and remove mining and
processing uncertainties, thereby obtaining greater confidence in its
decision making aimed at the LGP becoming its second producing gold
operation.
To view the announcement in full please click here.
http://www.navigatorresources.com.au/files/news/56_100514_NAVASX_Leonora_Trial_Milling_Update_Final.pdf
For Further Information
David Hatch
Managing Director
Navigator Resources
Tel: (08) 9226 5311
Email:
James Harris/Karen Oswald
Professional Public Relations
Tel: (08) 9388 0944
ABOUT NAVIGATOR
Navigator Resources Limited (ASX: NAV) transitioned from explorer to
producer in April 2010 and its objective is to build value for shareholders
by becoming a highly regarded and profitable gold producer with a pipeline
of advanced projects.
The Company acquired the Bronzewing Gold Project (located 960km northeast
of Perth) in late 2009, and this Project recommenced production in April
2010.
Navigator also continues to pursue development opportunities at the
Leonora Gold Project (located 830km northeast of Perth) by initially
carrying out a trial mining program.
Both gold projects are well located with respect to regional
infrastructure, being in the heart of the northeastern goldfields region of
Western Australia.
All required mining permits and granted mining leases
are in place both at Bronzewing and Leonora.
The Companys medium term
objective is to target 150,000oz pa of gold production from these two open
pit projects.
Navigator also maintains an interest in assets in the East Kimberley region
of WA, including the 100% owned Cummins Range Rare Earth Project.
ACN: 063 366 487
Ground Floor, 45 Richardson Street, West Perth WA 6005
Tel: (08) 9226 5311 Fax: (08) 9226 5411
Email:
Website: www.navigatorresources.com.au
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