Western Standard Metals Acquire 50 Percent Stake Vinasale Gold Mine Project In Alaska



January 29th, 2010 | File Under : Companies - Gold - Mineral Exploration - Trade & Market

Vinasale gold mine is a gold mine located in Mining District in central Kuskokwim McGrath, Alaska. Mining site is estimated to have mining potential large enough. Placer gold deposits associated with some of these intrusions and recorded a total production of 2.5 million ounces.

Vinasale gold mining project has been conducted since 1989. Gold mining project was first work by CAG together with Placer Dome. While the gold mineralization found to be refractory, metallurgical testing showed that more than 95% of the gold reports to the sulfide concentration, thus greatly reduces the volume of material required to be oxidized before extraction with cyanide.

Then Vinasale gold mine project is continued by the ASA-Montague, a gold mining project development is to produce a diamond drilling (5262 meters in 26 holes), and metallurgy has been completed in 1994. Drilling intersected significant gold values under the multi-element soil anomalies in the Northeast, Central and South zones. A resource of 925,000 ounces of gold (14.5 million tonnes grading 1.95 grams / tonne) is estimated for Central Zone by Derry Michener, Booth and Wahl (1994) as part of the Prefeasibility studies.

Vinasale gold mine project includes 39 million ounce deposit Donlin creek and gold production will be undertaken by the Nixon Fork gold mine Vinasale.

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