April 22, 2013
Haber enters into MOU for AZ processing plant
Small scale gold miners who use mercury to extract gold from free gold concentrates.
The process where mercury picks up (absorbs) free gold.
Non-ferrous metals inferior in value to precious metals; i.e. copper lead, zinc, nickel.
Solid rock beneath superficial soil cover and unconsolidated sediments.
Is used in the recovery of gold from sulfide rock by providing the optimum temperature, acidity (pH) and oxygen levels for the natural oxidation process to work most effectively.
The product of smelting or refining precious metals, usually in the form of bars or ingots.
Includes production costs, royalties, marketing and refining charges, together with all administration expenses at the operating level.
Specific project or ongoing expenditure for replacement or additional equipment, materials or infrastructure.
Acronym for Capillary Micro-Preparative utility instrument this proprietary Haber device is used to selectively remove EMP generated common specie separations and transports them to other instruments for analysis.
A metal-rich product resulting from a mineral enrichment process such as gravity concentration or flotation, in which most of the desired mineral has been separated from the waste material in the ore.
Sedimentary rock comprising eroded, rounded particles.
The grade of mineralized rock which determines as to whether or not it is economic to recover its gold content by further concentration.
Dissolving gold or silver in a weak solution of sodium cyanide or potassium cyanide.
Unrefined gold and silver bars usually containing more than 90 percent precious metal.
The alteration, loosening and removal of land surface material by the actions of running water and wind.
Where gold is in its free gold state and not compounded with other materials.
An accounting device, recognizing the consumption of an ore deposit, a mine's principal asset.
A rotary type of rock drill that cuts a core of rock that is recovered in long cylindrical sections.
Waste which is unavoidably mined with ore.
The chemical process of desorbing gold from activated carbon.
ElectroMolecular Propulsion- Haber's proprietary technology which quickly separates solutions into common specie molecules.
A unit of geological mapping, consisting of a large and persistent stratum of rock.
A comprehensive study undertaken to determine the economic feasibility of a project; the conclusion will determine if a production decision can be made and is used for financing.
The process by which the surface chemistry of the desired mineral particles is chemically modified such that they preferentially attach themselves to bubbles and float to the pulp surface in specially designed machines. The gangue or waste minerals are chemically depressed and do not float, thus allowing the valuable minerals to be concentrated and separated from the undesired material.
The artisanal miners who poach illegally for gold on the land of legal concession holders.
Global mercury project
Gold plus silver expressed in equivalent ounces of gold using a conversion ratio dependent on prevailing gold and silver prices.
The amount of valuable material in a specific volume of rock; typically expressed as grams per ton for precious metals and as a percentage for base metals.
Recovery of gold from crushed rock using gold's high specific gravity to separate it from lighter material.
Gold produced using an environmentally friendly process.
Metamorphosed maficigneous rock which is typically green due to content of chlorite, actinolite, etc.
Haber Gold Process (HGP)
Haber's proprietary environmentally friendly gold extraction and recovery process.
The average grade of ore fed to a mill/plant.
Taking a buy or sell position in futures market. Opposite to a position held in the cash/spot market to minimize the risk of financial loss from an adverse price change.
The acronym for the proprietary Haber Electronic Scrap Process.
The rock containing minerals; eg an ore body.
The selective dissolution of metals from ore to concentrates.
Indicated Mineral Resource
That part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill-holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.
Inferred Mineral Resource
That part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill-holes which may be limited or of uncertain quality and reliability.
Gold locked as a temporary inventory within a processing plant, or sections thereof, typically milling circuits.
A precipitation process to recover precious metals from a cyanide solution using zinc dust.
Measured Mineral Resource
That part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill-holes. The locations are spaced closely enough to confirm geological and grade continuity.
Host rock in which minerals of potential commercial value occur.
A general term used to describe the process in which the ore is crushed and ground and subjected to physical or chemical treatment to extract the valuable metals to a concentrate or finished product.
A concentration [or occurrence] of material of economic interest in or on the earth's crust in such form, quality and quantity that there are reasonable and realistic prospects for eventual economic extraction. The location, quantity, grade, continuity and other geological characteristics of a Mineral Resource are known, estimated from specific geological evidence and knowledge, or interpreted from a well constrained and portrayed geological model. Mineral Resources are sub-divided in order of increasing confidence, in respect of geoscientific evidence, into Inferred, Indicated and Measured categories.
The economically mineable material derived from a Measured and/or Indicated Mineral Resource. It is inclusive of diluting materials and allows for losses that may occur when the material is mined. Appropriate assessments, which may include feasibility studies, have been carried out, including consideration of and modifcation by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction is reasonably justified. Mineral Reserves are sub-divided in order of increasing confidence into Probable Mineral Reserves and Proved Mineral Reserve.
Net smelter return (NSR)
A share of the net revenue generated from the sale of metal produced by the mine.
No dirty gold movement
Movement to boycott the sale of gold recovered by the use of mercury, cyanide or other non-environmentally friendly recovery methods.
A measure of the randomness of the grade distribution within a mineralized zone.
A mine on the surface
A mixture of minerals, host rock and waste rock which is expected to be profitably mined ounces weight of gold with a fineness of 999.9 parts per 1,000; 1 Troy ounce is equal to 31.1034 grams.
Chemical reaction between any substance and oxygen.
Mineralized rock in which the minerals have been partially or wholly oxidized by weathering processes.
Platinum group metal
A gold bearing area which consists of free gold usually contained in sands and gravels mined in open pit.
Igneous rocks containing large crystals in a fine-grained groundmass.
An oxidation process which uses high temperature and pressure to convert refractory sulphide mineralization into amenable oxide ore.
Cash cost plus depreciation, amortization and reclamation.
Probable Mineral Reserve
The economically mineable material derived from a Measured and/or Indicated Mineral Resource. It is estimated with a lower level of confidence than a Proved Mineral Reserve. It is inclusive of diluting materials and allows for losses that may occur when the material is mined. Appropriate assessments, which may include feasibility studies, have been carried out and including consideration of and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction is reasonably justified.
Capital expenditure which is associated with specific projects of a non-routine nature.
Proved Mineral Reserve
The economically mineable material derived from a Measured Mineral Resource. It is estimated with a high level of confidence. It is inclusive of diluting materials and allows for losses that may occur when the material is mined. Appropriate assessments, which may include feasibility studies, have been carried out, including consideration of and modification by realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction is reasonably justified.
A chemical used in the mineral recovery process.
The rehabilitation to beneficial use of land disturbed by mining activity.
Gold mineralization encapsulated in silica or sulfide, which is not amenable to cyanide leaching methods.
That part of a resource that can be profitably mined under current or specified economic conditions. A reserve estimate must consider all technical, operating, legal and financial factors.
Reserve - proven
The estimated quantity and grade of part of a measured resource for which all consideration factors establish the highest degree of confidence in the estimate.
Reserve - probable
The estimated quantity and grade of part of a indicated resource for which all consideration factors establish a confidence level for positive decisions on major expenditures.
The grade and quantity estimate of a mineralized deposit that indicates mining is currently or potentially profitable under economic and operating conditions.
Resource - measured
The estimated grade and quantity for that part of a deposit configuration which has been very well established by observation, sampling, drilling trenches and mine workings.
Resource - indicated
The estimated grade and quantity for that part of a deposit for which grade continuity, shape and extent has been established for reliable grade and tonnage estimation.
Resource - inferred
The estimated grade and quantity determined from limited sampling but sufficient geological information and understanding to outline a deposit of potential economic merit.
United States Securities Exchange Commission.
Current price of gold or other commodity traded in the immediate market.
The process of removing overburden or waste rock to expose ore.
The ratio of the amount of waste rock removed per ton of ore mined.
An acronym for STrategic Abatement of Mercury and Poverty- Haber's proprietary program to eliminate the use of mercury in gold extraction by artisanal miners.
A 3-dimensional network of veins or veinlets.
The ratio of the amount of waste rock removed per ton of ore mined.
A mineral compound characterized by the linkage of sulfur with metal or semimetal; eg galena, PbS, or pyrite, FeS2.
material rejected from a treatment plant after the valuable minerals have been recovered.
A mineral characterized by the linkage of metal with tellurium.
Total cash costs
All total cash costs are based on public quoted nominal production costs, include retrenchment costs, rehabilitation costs, corporate costs, by-product credits for silver, sundry revenues and exclude amortization costs and inventory changes arrangements.
Near surface zone in which the exposed rock has been chemically or physically changed due to the action of rain, water, etc.
chemical symbol for silver
chemical symbol for gold
chemical symbol for mercury
grams per metric ton - gold concentration
a square kilometer
a thousand ounces
a thousand metric tons
a thousand metric tons per annum
a thousand tons per month m2 a square meter
a million ounces oz a fine troy ounce equaling 31.10348 grams t a metric ton
United States dollar
A million United States dollars
United States dollar per ounce