New Found Gold reports up to 96% recovery during Queensway metallurgical tests

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Recovery from the three zones demonstrated similar metallurgical characteristics when tested with gravity separation and carbon-in-leach (CIL) techniques.

“The program further demonstrates that conventional gravity separation and CIL are well-suited recovery methods for gold mineralization at Queensway. Additional flowsheet development work is ongoing to determine if marginal improvements in gold extraction can be achieved,” noted Gary Simmons, an independent consultant who was previously director of metallurgy and technology at Newmont.

New Found Gold will move into the second phase of metallurgical tests in the second quarter of the year. Composites from the Iceberg and Iceberg East zones will be tested.

The company continues its 650,000-metre drill program at Queensway. No estimate of resources or reserves has yet been made available.

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