- Multi-metal Development (MLY) announced on Tuesday (September 13) that it had signed a contract with MineSEnse Technologies
- The contract is for the purpose of completing ore sort test work for the company’s CuMo project
- The analysis aims to confirm that the proprietary ShovelSense technology of MineSense can be deployed to optimize the ore sorting process at the project
- Shares of Multi-metal Development are unchanged at $0.02
Multi-metal Development Ltd. (MLY) and its subsidiary CuMo Mining Corporation announced a contract with MineSense Technologies.
Under the agreement, MineSense will do an analysis to confirm that its ShovelSense technology can be used to optimize the ore sorting process at Multi-metal Development’s CuMo project.
MineSense’s ShovelSense technology is a system that is installed into existing mining equipment to scan and measure the grade of material in every shovel bucket. It also uses x-ray fluorescence to scan the material in the bucket at the working face.
Multi-metal Development said that it will gather a series of bulk samples from its existing core library by producing bucket scale samples for waste and low, medium and high grade from three identified mineralized zones.
The technology already has a successful track record, having been used at several mining operations in British Columbia, including the Highland Vallery and Copper Mountain mines.
Located in Idaho, the CuMo deposit is the largest un-mind open-pit molybdenum project in the world.
The company is focused on developing the project in order to determine its potential of being turned into an operating world-class molybdenum mine.
Shares of Multi-metal Development are unchanged at $0.02.