logo-loader

Ximen Mining reports on option partner GGX's re-examination of Gold Drop core for tellurium

Last updated: 08:47 18 Mar 2019 EDT, First published: 04:47 18 Mar 2019 EDT

Gold veining
The samples ere taken from the C.O.D. vein,

Ximen Mining Corp (CVE:XIM) said option partner GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) had re-examined core from its Fall 2018 drill program at the Gold Drop project in British Columbia and had confirmed high-grade tellurium.

As reported earlier this month, the firm had planned to re-analyze select core samples. which were taken from the C.O.D. vein, which is in the Gold Drop Southwest Zone.

The tellurium results results from two drill holes COD18-67 and COD18-70, initially exceeded the upper 500 grams per tonne (g/t) analytical limit for tellurium.

The re-examination has shown COD18-67  hosted 129 g/t gold, 1154 g/t silver  and 823 g/t tellurium over a  7.28-meter core length

Meanwhile, COD18-70 showed 107 g/t gold, 880 g/t silver  and 640 g/t tellurium over a 6.90-meter core length.

In all, 14 drill core samples from the high-grade gold and silver intersections of drill holes COD18-67 and COD18-70 returned greater than the upper analytical limit of 500 g/t (grams per ton) for tellurium during initial analysis. The highest sample showed 3,860 g/t of tellurium. The lowest was 560 g/t.

Tellurium (Te) remains one of the rarest elements on earth and its production is a by-product of copper and gold mining.

Up to recently, the only use of tellurium has been alloying of other metals to increase the machinability of copper or to decrease the corrosive action of sulfuric acid on lead.

Solar panels

But it is now used increasingly in photovoltaic solar cells.

These solar cells are the forefront of solar power and such cells have the smallest carbon footprint and the shortest energy payback time of all solar cells.

Production of tellurium is limited, estimated to being around 800 metric tonnes per year. According to the USGS (United States Geological Survey), total production in 2007 was 107 metric tonnes.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

Poseidon Nickel signs binding agreement with Mineral Resources to divest...

Departing Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) CEO Craig Jones and incoming CEO Brendan Shalders join Proactive’s Jonathan Jackson to discuss the divestment of Lake Johnston to Mineral Resources Ltd (ASX:MIN). Jones, who has played a pivotal role in this strategic move, shared insights on...

2 hours, 58 minutes ago