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MEI Online: Commodities: Metallic Ores: Gold: Latest News: January 13th 2002

:: US Gold, Newmont sign technology option agreement  

US Gold Corporation has signed a technology option agreement with Newmont Technologies that will allow it to use Newmont's proprietary N2TECŪ flotation technology at its 100%-owned Tonkin Springs gold mine in Nevada. Testwork has proved the N2TECŪ technology to be very successful in concentrating the mine's sulphide gold ores. US Gold is planning to re-establish gold production at Tonkin Springs by initially exploiting the oxide ore for a gold production of about 30 000 oz/y, followed by an additional 50 000 oz/y from sulphide ore. Tonkin Springs hosts a gold resource of 1.4 million ounces.



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