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Junior evaluates developing gold mine at Ulu project, NU

 

Last updated 1/17/2016 at Noon



WPC Resources Inc. Jan. 7 reported that it has hired Tetra Tech Inc. to evaluate the potential of developing a mine at the Ulu gold property in Nunavut.

In 2015, a measured and indicated resource of 2.5 million metric tons averaging 7.53 grams per metric ton (605,000 ounces) gold was calculated for Ulu.

Consideration will be given to utilizing the milling equipment available at the past-producing Lupin Mine, located about 150 kilometers (95 miles) south of Ulu.

Recent metallurgical sampling of four 25-kilogram samples collected from a historic test pile at Ulu resulted in gold extraction of 90.4 percent, including roughly 28.4 percent of the gold reporting to a gravity concentrate.

WPC said the testing confirms historical results produced by Echo Bay Mines Ltd. in the 1990s.

The study also will assess the geological model for Ulu, further investigate metallurgical performances, develop a new processing flow sheet and offer advice on further drilling campaigns.

 

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