Strategic Mining’s goal to become a significant gold producer in Vietnam is progressing, with metallurgical tests on gold and silver samples from its flagship Nat Son property revealing mineralization zones of up to 21.8 grams/tonne gold and 99.9 grams/tonne silver.
The samples were collected from one of Nat Son’s numerous exposed gold veins during a two week geological survey of the property in northern Vietnam. The tested samples assayed between 7.44 and 21.8 grams/tonne gold and 73.22 and 99.9 grams/tonne silver.
Metallurgical analyst Richard Kunter reported: “The sulphide flotation concentrate of the most recent test recovered 74.6% of the gold contained in the sample. The test confirmed that a high grade concentration with good recovery can be achieved on mineralized material from the Nat Son project.”
An independent geological consultant’s evaluation of the property has also indicated the characteristics of Nat Son are typical of many of the world’s productive gold districts. Robert Marvin says, “Examples of geologically similar, productive gold deposits in Asia include the world-class Natalka deposit in Russia’s Far East, the Maoling deposit in China, and the Kolpatas and Daugyz gold deposits in Uzbekistan.”
Nat Son covers 40 hectares about 50km southwest of Hanoi in the centre of the historic gold-rich Kim Boi deposit. Gold was mined in the district from the 1890s, with the French heavily involved in locating, developing and operating mines until the 1950s. In June 2009 a ban by the Vietnamese government on all exploration was lifted when the Nat Son permit was issued.
The company has a unique opportunity to significantly increase historic gold production with the use of modern mining techniques at the site. Strategic Mining is planning more exploration and development programs on several gold and silver properties it holds in Vietnam. The company intends to expand its Vietnamese property base by acquisition and joint venture.