New Guinea Gold Corporation has appointed GR Engineering Services to conduct a definitive feasibility study into the installation of a CIL/CIP processing plant at the Sinivit Gold Mine.

The company’s acting CEO Greg Heaney says, “It is the company’s belief that there may be economically recoverable gold remaining in the vats and heaps constructed for the initial leaching operation.

“This DFS will test the remnant material, which will total in excess of 400,000 tonnes when the current program concludes, plus an additional high gold/high copper ore body estimated at around 50,000 tonnes, to determine whether the precious metal content can be liberated using an agitated leaching process.”

New Guinea Gold has estimated that the cost of the DFS will not exceed Aus$500,000 and should be concluded by February 2012.

www.newguineagold.ca

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