Coronet Metals Reports on Liberty Operations

Coronet Metals Inc. (TSXV:CRF,FWB:2CM,OTCQX:CORMF) reported that it has toll-processed approximately 60 tons of concentrate from its third-party supplier in Colorado since the first gold pour at its Liberty gold processing facility in Nevada. Coronet has successfully dealt with most mechanical issues related to commissioning the plant. However, the Colorado feed material his metaphorically complex and has presented a challenge to commercially sustainable operations.

As quoted in the press release:

Coronet has reviewed alternative processes to extract gold from the Colorado Feed Material and other complex feed material available to it. The Company is currently evaluating the commercial applicability of a proprietary process that has been very successful at the pilot plant level. The owners of the process are funding and have commenced fabrication of a 25tpd concentrating and reactor circuit. The concentrating circuit unit will be installed within the next two weeks at Liberty. Coronet plans to use the unit to re-concentrate and re-process all of the Colorado Feed Material and do a large scale test on the viability of additional material from Nevada. Coronet has successfully tested the Colorado Feed Material and the additional potential feed from the Nevada source with this alternative process on a smaller scale.

Click here to read the Coronet Metals Inc. (TSXV:CRF) press release
Click here to see the Coronet Metals Inc. (TSXV:CRF) profile.