Cholla Process Update
March 27 2012 - 2:32PM
Marketwired
Royal Mines and Minerals Corp. (OTCBB: RYMM) (Royal Mines) is
pleased to announce that since testing began on the Royal Mines
"Cholla" process for the recovery of gold from fly ash, we have run
over 80 tons of fly ash through the Phoenix and Scottsdale plants.
We have progressively upgraded the facilities to accommodate more
throughput based upon bench and plant scale testing. The value of
40 (5 lb) samples tested in our plants, from March 7th to December
29th 2011, ranged from nil to 1.483 ounces per ton and averages
0.605 ounces per ton.
Due to inconsistencies in our latest testing we are analyzing
the water used in the Cholla process for impurities and chemical
make-up, with expectations to scale up the process to commercial
levels as soon as feasible. While we have been engaged in this
testing, we have also received the first fly ash, for testing,
direct from a public utility that produces fly ash. This may
provide an opportunity for a joint venture with the public utility
or other producers of fly ash.
On January 25, 2012 we hired Alvin Snaper, P.Eng. as a
consultant to observe and evaluate the "Cholla" process and offer
suggestions in moving the process from the bench to the production
plant. Mr. Snaper is a professional engineer and inventor who holds
more than 600 patents. He has been awarded the "Best Patent of the
Year" three times by Design News Magazine.
Mr. Snaper issued a preliminary report February 3, 2012 in which
he states:
"In my professional opinion, RYMM's 'Cholla' process is
effective in removing previously undetected gold from fly ash."
A copy of Mr. Snaper's report is available on Royal Mines'
website at www.royalmmc.com.
About Royal Mines and Minerals Corp.:
Royal Mines and Minerals Corp. is a technologically advanced
mineral processing and exploration company, focused on the
development of mining technology and 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 specific ores, fly ash and other leachable assets, 2)
use our lixiviation processes (Cholla and thiourea) to convert
specific ore bodies and fly ash landfills into valuable assets, and
3) joint venture, acquire and develop mining projects in North
America. 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. The recovery of gold from fly ash is subject to many
uncertainties and there is no assurance that favorable results will
be active at larger scales. There is no assurance that Royal Mines
will be able to joint venture with any producers of fly ash. There
is also no assurance that attempting to scale up the Cholla process
to produce gold from fly ash will be successful or result in a
decision that the process is commercially viable.
Add to Digg Bookmark with del.icio.us Add to Newsvine
For more information contact: Royal Mines and Minerals Corp. K.
Ian Matheson CEO and President (702) 501-4981
Royal Mines and Minerals (CE) (USOTC:RYMM)
Historical Stock Chart
From Jan 2025 to Feb 2025
Royal Mines and Minerals (CE) (USOTC:RYMM)
Historical Stock Chart
From Feb 2024 to Feb 2025