News

20 September 2006

 

Indium and gallium deposits identified in Bolivia

Minerals exploration company General Minerals Corp of Vancouver, BC, Canada, which in January 2006 reported analyses for silver in drill cores from the Malku Khota property in Bolivia, says that results of the latest assays on
sections of the drill core indicate that parts of the silver mineralized system are also anomalous in indium and gallium.

Recently, prices have ranged between $200-1000/kg for indium and $330-400/kg for gallium. The price for pure indium metal has risen dramatically in recent years due mainly to increasing demand for flat panel displays. Only
four years ago the price was $70/kg, but more recently hit as been as high as $1000/kg. The current price is about US$850/kg.

General Minerals Corp is currently in the process of determining, through metallurgical testing at SGS Lakefield's laboratory in Chile supervised by Dr David Dreisinger, whether indium and gallium can be recovered together with the silver. Tests are currently being set up to determine whether they can be leached and, if so, whether saleable indium and gallium products can be produced rather than recovering the metals in traditional flotation
concentrates.

Visit: http://www.generalminerals.com