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Ireland updates start up of pilot plant at Columbus Project, Esmeralda County, Nevada.

M2 EQUITYBITES-January 20, 2017-Ireland updates start up of pilot plant at Columbus Project, Esmeralda County, Nevada

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Minerals company Ireland Inc (OTCBB:IRLD) on Thursday provided an update on the progress of the technical programme under its ongoing precious metals extraction process at the Columbus Project, located in Esmeralda County, Nevada.

The company said the testing of the gold smelting process on materials thermally treated at the pilot plant has given rise to the development of a separate smelting step that has resulted in palladium extraction rates significantly higher than previously identified.

In conjunction, the Pd extraction rates averaged 0.59 opt Pd, or 0.354 opt gold equivalent (AuE) based on 1oz Pd = 0.6oz Au, on samples taken from the same location, added the company.

According to the company, the discovery of palladium (Pd) in both the sand and the concentrates is potentially very significant to the project.

At the Columbus Project, the company's goal was to be able to extract 0.04 opt AuE. While it has taken years longer than initially expected, through the recent ability to extract palladium, it is now able to extract 0.354 opt AuE with the first step of its two-step smelt on concentrates.

With the finalisation of the second smelting step, the company expect to extract Au as well. Smelting of the full test pilot plant produced concentrates will then allow to determine the costs of the process metallurgy.

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Publication:M2 EquityBites (EQB)
Date:Jan 20, 2017
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