Petaquilla Minerals is very happy with their latest statistic of gold recovery. They announced today that 81.47% of gold is recovered from column leach testing of 'low grade' oxide material from its 100% owned Molejon Gold Project located within the Petaquilla Mineral District in Central Panama.
Joao C. Manuel, President and Chief Executive Officer of Petaquilla Minerals Ltd. states, "These early encouraging results have confirmed our in-house opinion of the value of the low grade gold resource. At current market conditions this low grade resource would not be economic to process through our standard Mill\CIP Plant. For this reason we have been systematically evaluating the heap leach option with independent industry experts in order to identify a cost effective treatment process".
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move.
Sign Up for our Free Stock NewsletterAbout Petaquilla Minerals Ltd. - Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. The plant utilizes three ball mills and a carbon-in-pulp processing facility. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. The Molejon mine site is located in the south central area of the Company's 100% owned 842 square kilometer concession lands, a region known historically for its gold content.
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our websiteAbout Best Damn Penny Stocks
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
