Royal Mines Cholla Process Advancement
March 07 2011 - 2:53PM
Marketwired
Royal Mines and Minerals Corp. (OTCBB: RYMM) (Royal Mines) is
pleased to announce the results of an independent, chain of custody
study on our licensed proprietary "Cholla" process leach chemistry
on fly ash material.
Domaro Resources Inc. and Met-Solve Laboratories Inc. (both
located in Vancouver, British Columbia) together were contracted to
perform the Cholla process independently from Royal Mines. Their
conclusion (see attached report) was, "When fly ash samples were
subjected to the proprietary hydrometallurgical chemical treatment
furnished by Royal Mines, measurable gold assays were reported in
the solid residue (cake) by SGS laboratories, an accredited
analytical lab, using conventional fire assay procedures. The Royal
Mines treatment appears to make available to the fire assay
previously undetectable gold values from the starting solids."
These findings support our belief that this process can be
commercialized.
For the past several months we have been running laboratory and
pilot scale tests in our Phoenix facility. In over 20 separate lab
scale tests, ranging in size from 29.2 grams up to 1,200 grams,
values have been recovered that equate from 10 to 23 ounces of gold
per ton. Most of these tests ranged between 18 to 23 ounces per
ton. The pilot scale tests have ranged from 200 to 1,600 pounds,
and recovery from these pilot tests has ranged between 2 to 5.5
ounces of gold per ton. The largest test, 1,600 pounds, produced
physical gold amounting to 2.508 oz, the equivalent of 3.135 ounces
per ton.
In addition to running the Cholla process in our Phoenix
facility, we are also running pilot scale tests in a separate
leased facility in Scottsdale, Arizona. To date, the Scottsdale
facility has processed 21 tons of ash material using several
variations of the Cholla process. Tests at this facility have also
shown gold verified by fire assay.
We are continuing to analyze the Cholla process in both of our
facilities to better understand how to commercially scale up the
process. Currently the fly ash we are processing is sourced from
one location and is readily available in quantity. We will be
testing several additional sources of ash under the Cholla process
for similar gold values.
About Royal Mines and Minerals Corp.:
Royal Mines and Minerals Corp. is a minerals exploration and
process-based technology company focused on the development of
mining projects in North America and on the proficient extraction
of precious metals. Our primary objectives are to 1) commercially
extract and refine precious metals from our own and others' mining
assets, 2) joint venture, acquire and develop mining projects in
North America, and 3) generate ongoing revenues from the licensing
of our proprietary, environmentally-friendly lixiviation process.
We have not yet realized significant revenues from our primary
objectives. Additional information is available on Royal Mines'
website at www.royalmmc.com and in its filings with the U.S.
Securities and Exchange Commission.
Forward-Looking Statements
Statements in this news release that are not historical facts
are forward-looking statements that are subject to risks and
uncertainties. Words such as "expects," "intends," "plans," "may,"
"could," "should," "anticipates," "likely," "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management.
Cautionary Note to Investors
Investors are urged to consider closely disclosures in our SEC
filings. You can review and obtain copies of these filings from the
SEC's website at http://www.sec.gov/edgar.shtml.
Results of Testing Proprietary Gold Recovery Process:
http://media.marketwire.com/attachments/201103/41937_Met-SolveReport021111.pdf
PDF Attachment Available:
http://media.marketwire.com/attachments/201103/41937_Met-SolveReport021111.pdf
Image Available:
http://www2.marketwire.com/mw/frame_mw?attachid=1535850
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Contact: For more information contact: Royal Mines and
Minerals Corp. Jason S. Mitchell CFO, Secretary and Treasurer (702)
588-5973 Email Contact
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