BELGRADE (Serbia), August 7 (SeeNews) – Canada-based Medgold Resources has launched a Preliminary Economic Assessment (PEA) for the Barje gold and silver prospect of its Tlamino Project in southern Serbia, the company said.
The purpose of the study will be to constrain the self-standing economics of the project, and most particularly its capacity to yield a marketable metal concentrate, to which end a program of metallurgical test work will be completed, Medgold said in a statement earlier this week.
Completion of the PEA is anticipated in thr fourth quarter of 2020, the company said.
UK-based companies Addison Mining Services and Bara Consulting have been appointed as leaders of the PEA and metallurgical studies, Reach Partners Limited, also of the United Kingdom, has been engaged to provide guidance in the fields of concentrate specification and marketing terms, while metallurgical test work will be performed by Canada's ALS Metallurgy, Medgold noted.
The Tlamino project is located in southern Serbia, close to the borders of both Bulgaria and Macedonia. The project comprises two exploration licences, Donje Tlamino and Surlica-Dukat, each approximately 100 square kilometres.