Thursday, February 11, 2010

Carolin` s tailings drill program - initial assay Results

Module is in the process of performing a number of tests to determine if the historical tailings can provide a bit of near-term cash flow, to provide some financial support with exploration and development at Carolin. The assay tailings testing/drilling was the first step. The tailings look rich, with an average of 1.68 g/t.

Next steps:

``If metallurgical test work is successful, a study will be initiated to determine the economics of recovering gold from the tailings. Depending upon a positive study, Module could realize some potential early cash flow from recovering contained gold by treatment of the tailings.``

You can reference my previous posts on this subject matter if one if looking for more clarity on Century`s role/ownership with respect to this project (as well as analysis and commentary on previous Carolin u/g and o/p drill results).

Here is Module`s NR with regards to the the assay (tailings) results:

http://www.moduleresources.com/index.php?option=com_content&task=view&id=160&Itemid=54

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