My understanding is that IFE will separate the mineralised sulphide zones from the magnetite zones. I'm pleased that the mineralisation is not in the magnetite. it should be visibly obvious. That shouldn't be a difficult process given the thicknesses of the gold intercepts.
Without knowing exactly what is the type of mineralisation, I'm guessing, but I can't see gold as a tail end product swimming in a sea of iron from a blast furnace. It's never that simple.
IMO the gold ore has to be separated on site and dealt with there. Its more valuable than the iron ore with the grades there. It encouraging that metalurgical tests have achieved 90% separation. That is good and IMO was more than worthy of another announouncent. I hope the process is a cheap one.
TRF Price at posting:
39.5¢ Sentiment: LT Buy Disclosure: Held
