Salt Lake City, UT (PRWEB) February 05, 2012
Thermal Dynamics Gold Group, Ltd. announced today that construction of the initial commercial gold processing circuit has been completed in Salt Lake City, Utah.
The company will begin limited production runs beginning 10-30-2011. Initial runs will establish chemical compositions, grinds and efficacy. Although initial throughput may be deemed as preliminary to establish baselines, production of gold bullion is expected to begin at 50 to 70 ounces per week. Optimum production is anticipated to yield 140 to 210 ounces per week.
The company classifies this circuit as a beta test to structure economic, metallurgic and engineering realities demonstrating debt service ability enabling the company to secure traditional financing for the construction of a 100 ton per day facility that will produce approximately 700 ounces of gold bullion per week. According to current geological reports the companies head ore inventory from their northern Nevada mine site will provide ongoing feedstock at 100 tons per day for a minimum of twenty years. With further exploration and mine site development the inventory could provide feedstock for up to forty years.
The anticipated total production cost per ounce of gold is $300.00 plus or minus ten percent depending on fuel and head ore shipping costs. Upon completion of the larger commercial circuit production costs per ounce of gold could be reduced by as much as thirty percent bringing the cost per ounce down to $210.00.
The company will provide additional production results as soon as 11-10-11, additional production reporting will be available by 11-20-11 and again on 11-30-11.
About the company:
Thermal Dynamics, Inc. was formed for the specific intent of constructing and commercializing retorts for the recovery of precious metals and more specifically, gold from the company’s gold reserves located in Northern Nevada.
This generation of retort will be constructed at the facilities of the company's manufacturer whose expertise in the field of thermal engineering and construction is second to none. All previous generations of retorts were very effective in their respective domains, which was the gassification and liquefaction of European lignite and western U.S. bituminous coals. With the advances in metallic and ceramic alloys and composites, computerization of control systems consistent temperatures have become a reality in industrial thermal equipment. With these changes in technology we have been able to create a more advanced and efficient system.