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3D Resources reveals gold recoveries of up to 99.4% from Haiti

The advantage of the gold projects is the simple metallurgy.

File Photo: 3D Resources shares have opened 14.3% higher at $0.008

3D Resources Ltd (ASX:DDD) is already making rapid progress in Haiti, as the company only entered into agreements to acquire controlling interest in two Haitian companies earlier in the month.

The companies are Delta Societe Miniere SA which owns the Morne Bossa gold project, and Ayiti Gold Company SA which owns the Grand Bois gold project.

3D Resources has now revealed outstanding gold recoveries of up to 99.4% from Morne Bossa oxide ore metallurgical tests.

12 hour recoveries ranged from 92.1% - 98.7% of the gold from leach results.

The advantage of the projects is the simple metallurgy which makes them both amenable to a simple cyanide leach circuit so the presence of copper and silver is not a problem.

The company's current plans are to build a simple CIP/CIL circuit to treat both the Morne Bossa and Grand Bois oxide ore bodies and to evaluate the limits of the open cuts by those transitional ores and sulphide ores that are commercial to treat.

Why Haiti

In 2014, the Haitian government together with the World Bank began drafting a new mining code that would help open the country to new foreign investment from mining companies.

This new mining code is currently in the final stages of going through the Haitian parliament.

Once signed into law, this new mining code will very likely see a rush of companies to explore and build sustainable and economic mining operations, as has happened in other countries which updated their mining codes.

Quick facts: 3D Resources Ltd

Price: 0.005 AUD

Market: ASX
Market Cap: $18.1 m

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