openPR Logo
Press release

Eldora Gold Concludes First Site Prioritization

10-28-2010 09:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Knight Capital

After conducting a widespread search of properties and analysis of their tailings, Eldora Gold Resources Ltd (Eldora Gold) is pleased to announce the location of its first high priority targets in Kirkland Lake, a small town in Northern Ontario located on the Mile of Gold, and the launch of its cyanide-free reclamation technology.

Meticulous development, testing and years of experience have resulted in a system that not only extracts the majority of valuable mineral content of the tailings, but also leaves the remaining tailings with a significantly lower content of the acid-forming minerals from the original ores. Testing and analysis involves sample collection, mineral processing testwork, chemical analysis of all products and preparation of a test metallurgical balance table.

Eldora Gold had been invited to prominent mining communities earlier this year and began verifying the mineral content of the numerous tailings through certified sample testing. The company will now supply clients both the equipment and training necessary to extract the mineral concentrate. Due to its extensive relationships, Eldora Gold also provides the buyer for extracted concentrate.

In 1911, a prospector, William Wright stumbled onto and staked a quartz outcrop and in the process discovered the main ore-bearing fault of the Kirkland Lake gold camp. Later those claims became the nucleus of three great mines: the Sylvanite, Wright–Hargreaves and Lakeshore. Prior to closing, many others opened in the years to come to produce rich tailings ponds: Toburn, Kirkland Minerals, Sylvanite, Teck-Hughes and Macassa.

Eldora Gold has developed a proprietary and environmentally-friendly separation technique for extracting mineral content from mining tailings and effectively monetizing the gold recovery. Because initial testing in Kirkland Lake exceeded expectations, the next highly anticipated stage is pilot plant-scale testing on Eldora Gold equipment to verify lab-scale results, and to provide sufficient sample material required by concentrate placement partners.

From an environmental standpoint, tailings have always been an unwanted byproduct of mining. These tailings are left in piles and potentially leach environmentally-destructive materials into the surrounding soil and groundwater. Processing tailings thus also reduces the negative environmental impact of remaining chemicals from the original mining process.

For further information, emails can be sent to: investors@eldoragold.com

Eldora Gold is a Canadian company that has developed and is offering a proprietary separation technique for extracting mineral content from mining tailings. The company also provides mineral evaluation analysis as an additional service. The company is currently seeking a listing of its shares on the Frankfurt Stock Exchange, Open Market.

Knight Capital
6 Shields Court
Toronto, ON L3R4S1
Graeme Boyce, IR

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Eldora Gold Concludes First Site Prioritization here

News-ID: 149499 • Views: 676

More Releases for Gold

A Gold Award
The ‘pergola stretch’ by markilux has been awarded the Innovation Prize at the ‘R+T digital’ trade fair The ‘pergola model’ developed by awning expert markilux was able to impress with its size and sophisticated technology during the nomination of the innovation prize 2021 at the International Trade Fair ‘R+T digital’. For example, the unique toothed drive belt of this awning with folding awning cover has made it possible to build impressive
Gold Mining Market - Heightened demand 2025 | Gold Corp, Barrick Gold
Global Gold Mining Market: Overview A variety of techniques are typically used to obtain gold from gold ores in the ground. They are: placer mining, sluicing, gold panning, dredging, hard-rock mining, rocker box, and by product mining. Gold mining has been carried out since ages and is a flourishing market even today. The high demand for gold as a potential mode of investment and the use of gold for making jewelry
Gold nuggets for biotechnology
Particular introduces laser-generated nanoparticle conjugates While the gold price keeps setting new records, nanoparticles from pure gold are also gaining importance in biotechnology. Particular GmbH from Germany now uses a laser method to produce them with high purity and conjugate them with high efficiency – in amounts on the milliliter scale. Gold nanoparticles can be conjugated with biological molecules and have special optical properties that allow to detect and characterize
Gold Investments Remain Profitable
Gold is a precious metal that has remained to be the world's top commodity in terms of price and commercial value. Gold prices were not known to be tanking further down, along with the stocks market and the global economy, in general. It is a universal commodity and no small or big economy would deny gold. The world's demand for gold is consistently high, even higher than the production of
Gold Group Backs Up Gold Investment In Coins
Go for gold if you want to be safe from the dollar devaluation and skyrocketing inflation rates. Gold is known to be world's crisis commodity because of its convenience in buying and selling it in times of crisis. The prices of gold in the world market are not affected by economic indicators such as devaluation. It is distinct from other commodities and more stable because of its uniqueness and rarity,
Gold Investment Advice
Eldora Gold Advise - When gold is found join the gold rush, it would be an investment that would make you rich! In the following article, we give you some more gold investment advice, with each detail explained to keep away from scams, fraud on investment by boiler rooms. Eldora Resources Tips: There are several reasons, why gold is so expensive, point one, it is one of the rarest elements. Two,