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September 22, 2011

Minotaur, CSIRO to conduct trials for gold extraction process

Minotaur Exploration has entered into a collaborative research agreement with the Commonwealth Scientific Research Industrial Organisation (CSIRO), to conduct field trials for CSIRO's new in-situ gold extraction process.

By admin-demo

Minotaur Exploration has entered into a collaborative research agreement with the Commonwealth Scientific Research Industrial Organisation (CSIRO), to conduct field trials for CSIRO’s new in-situ gold extraction process.

Under terms of the agreement, Minotaur will have an exclusive royalty-free right to implement the process at the Tunkillia gold project in South Australia.

The firm will also receive grants for a six month period, and following completion of the trials, can negotiate a commercial license agreement to deploy the process throughout South Australia.

The in-situ gold extraction process involves leaching of gold in-situ in the host rock into solution, and recovery of gold from the solution on the surface after abstraction from boreholes, drilled into the rock mass.

Minotaur has planned a work programme over 15 months, incorporating assistance from CSIRO, to design, install and operate a trial bore field through which CSIRO’s methodology can be applied.

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