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:: Haber Announces Completion of Mobile Gold Extraction Unit
Licensee Gold City to Use Process in Mining Operations in Ghana, W. Africa
Haber, Inc., a New Jersey-based company with proprietary technology for analytical instrumentation and the processing of gold-bearing ores, has announced that it is ready to roll out its commercial mobile gold extraction unit.
The unit, with one-half ton capacity, is being shipped to the company’s Florida facility for final system testing.
"The completion of the mobile unit is a major milestone for our company and brings Haber one step closer to its commercial HGP gold objectives," said Albert Conti, president of Haber Inc., which has developed the environmentally friendly extraction process as an alternative to the use of cyanide and other hazardous substances used in gold mining.
"The mobile unit will be used in conjunction with Haber's proprietary accelerated gold recovery system under development," Conti said. "This combined process allows for gold recovery at rates which are significantly faster than those achieved by cyanide extraction and conventional recovery methods. Gold City has shipped concentrate to Haber's Florida facility in anticipation of a fully operational system."
The company also announced it has signed a licensing agreement with its existing HGP licensee, Gold City, Inc., to use the process in mining operations in Ghana in West Africa.
The non-exclusive, expanded license to Gold City Inc. grants Haber a royalty of 8 percent net smelter return on all precious metals processed and 5 percent of all gold nuggets. The agreement requires Gold City to provide piloting support to Haber during the first 18 months of the agreement to facilitate HGP testing for prospective client Ghanaian mining companies and small-scale artisanal mining activities.
Added Conti, "The expanded Gold City license represents a significant opportunity for both companies in terms of projected revenues. In addition, Haber now gains the ability to conduct field tests in Ghana without a large capital outlay or the hiring of additional personnel. Gold City is already in Ghana with concentration equipment and has begun exploratory work on various prospective concessions located approximately 20 miles south and west of Obuasi."
"Our objectives for gold recovery using the HGP process are on schedule," said Conti. "There have been strong expressions of interest for our gold technology around the world, and our response has been aggressive but measured by our current capabilities. Our strategy is to build a complete foundation of customer support services, including laboratory capabilities, and to develop and build commercial hardware that is thoroughly field-tested. We are nearing completion with many of our immediate goals. This will allow Haber to react quickly and comprehensively with the necessary documentation and follow-up bulk testing to adequately qualify our HGP process to specific customer ore requirements."
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