The news story you are looking for has expired. A more recent related article is displayed below.

Ads by Google

Aldridge Receives Additional Gravity Pre-Enrichment Results for the Yenipazar Au-Ag-Cu-Pb-Zn Open Pit Project, Central Turkey

Dr. Hikmet Akin, President of Aldridge Minerals Inc. ("Aldridge" or the "Company") (TSX VENTURE:AGM)(FRANKFURT:A0CAPB) is pleased to announce additional results of gravity pre-concentration for Yenipazar ore.

Further to the Company's news release dated May 29, 2009, more testwork has been completed at Corem (Quebec, Canada). Gravity pre-enrichment is the preferred route for the Yenipazar Project to yield better flotation parameters (higher feed grade, elimination of sheet silicates). The mass reduction leads to an ensuing smaller mill/flotation circuit, and to better milling properties. This should result in lower capital and operational costs.

Total recovery (%) in 60.5 % of the original feed mass is:


-------------------------------------
Au      Ag      Cu      Pb      Zn
-------------------------------------
93.35   84.72   86.98   86.03   93.09
-------------------------------------


While the feed mass for flotation has been reduced significantly (by almost 40%), the metal losses are minimized. For example almost 94% of the original gold content remains in the flotation feed. About half of the losses occur in the very fine fraction (cyclone, de-sliming at -10 micron), which would neither be recoverable in a bulk-milling/flotation operation.

Ongoing work at Corem is targeting improvement of the gravity-recovery with results expected in September. The pre-concentrate will be subject to flotation testing at two laboratories.

The Yenipazar project is subject to an earn-in agreement with Anatolia Minerals, wherein Aldridge can earn a 100% working interest, subject to a 6 % net proceeds interest ("NPI", revenues less operational cost) until revenues of US$ 165 million are generated, and 10 % NPI from there on.

In addition to its Yenipazar project, Aldridge has commenced field sampling at its gold-copper concession in Papua New Guinea and continues with its research and development technology activities. The Company also owns a minority interest in Aldridge Uranium Inc. which holds large uranium concessions in Turkey.

Martin S. Oczlon, PhD Geo, a director of Aldridge and Qualified Person as defined in NI 43-101, has reviewed and verified the technical content of this press release.

About Aldridge Minerals

Aldridge Minerals Inc. is mainly focused on mineral opportunities in Turkey where the Company is conducting an ambitious exploration and development program at its flagship Yenipazar polymetallic VMS project.

Aldridge has also identified several other prospective opportunities in Turkey and has amassed a large property position where a systematic exploration program is underway.

On behalf of the Board of Directors

DR. HIKMET AKIN, President and Director

Forward-Looking Statements:

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

SOURCE: Aldridge Minerals Inc.

Aldridge Minerals Inc.
Dr. Hikmet Akin
President and Director
1 604 688 8932
www.aldridgeminerals.com

Copyright (C) 2009 Marketwire Canada. All rights reserved

News Provided by COMTEX


Related terms: canada, copper, exploration, frankfurt, gold, papua new guinea, president, property, quebec, research and development, technology, turkey, yield

Related Articles

First Quantum Minerals Reports Operational and Financial Results for the Three and Nine Months
Nov 10, 2009
...recovery units also contributed approximately 7,400 ounces of gold production. Upgrades to the gold plant and additional gravity concentrators are expected to increase recovery and gold bullion production in Q4. Kansanshi's Q3 average...

European Goldfields Limited Results for Q3 2009 - Zibb.com
Nov 10, 2009
...Company continues to consolidate ground to the south of the Ardala licence and finalise paperwork in the next few days with Aldridge Minerals Inc ("Aldridge") for the joint development of Aldridge's Derinkoy properties, which covers an area of 40 square...

First Quantum Minerals Reports Operational and Financial Results for the Three and Nine Months
Nov 10, 2009
...recovery units also contributed approximately 7,400 ounces of gold production. Upgrades to the gold plant and additional gravity concentrators are expected to increase recovery and gold bullion production in Q4. Kansanshi's Q3 average...

White Mountain Reports Completion of Stage 2 Pilot Plant Test Work Program
Nov 5, 2009
...grade of 2.9% TiO2 was ground to a fineness of 100 mesh and conveyed to a gravity pre-concentration circuit at an average rate of 1.2 tonnes per hour. The gravity pre-concentration circuit rejected approximately 50% of non-mineralized...