The largest mining conference in Australia has kicked off today, with Diggers and Dealers now underway. KCGM set to recruit 700 jobs in Kalgoorlie Boulder as the Premier announces a mining extension has been granted at Super Pit special event.
Beacon Minerals Limited provided an update of activities at the Jaurdi Gold Project, announcing that it produced 2,790 oz of gold during the month of September 2020. Beacon exceeded its production target from Jaurdi for the September 2020 quarter of 6,400 to 6,800 oz’s, with 7,453 ozs produced during the quarter, approximately 10% above the high‐end guidance and expects production from Jaurdi for the December 2020 quarter to be 6,600 to 7,000 oz’s. Debt $18.0 million (in the form of debentures) to be repaid today one year ahead of the repayment due date. On repayment of the debentures the company will be debt free.
Thomson Resources Ltd has managed to secure the RC drilling rig that undertook the Company’s maiden drilling program at the Yalgogrin Gold Project, for a short follow up drilling program commencing towards the end of October 2020. COVID-19 restrictions and the increased mineral exploration activity has meant that access to drilling rigs has become tight. The Company is pleased that Australian Mineral & Waterwell Drilling Pty Ltd were able to make the drilling rig available for Thomson between commitments to other customers.
Thomson’s drilling program in July 2020 discovered thick low-grade gold mineralisation from surface as well as deeper high-grade lodes, essentially on one north-south drill section. The follow up drilling program is proposed to extend the mineralisation by drilling sections either side of the first drill section and following the
mineralisation east and west. Samples will be analysed for gold and results should be available in November-December.
Ardea Resources Limited has announced that their first ever metallurgical testwork has been undertaken on four metallurgical samples selected from Ardea’s Big Four Gold resource, located on a granted mining lease within the Goongarrie Nickel Cobalt Project (GNCP), 65km north west of Kalgoorlie. It reports very high gold
recoveries from Big Four Gold deposit, with overall gold extractions of 97.7%. Significant proportion of gravity-recoverable gold revealed with potential for stand-alone toll treatment or incorporation into Ardea’s
broader gold strategy.
Terrain Minerals Limited updated the market of the drilling results from Terrain’s maiden RC Drilling Program at Smokebush Gold Project. A total of 12 RC holes (11 holes at the Monza prospect and 1 hole at Target
13) were completed for a total 981 metres as part of this first pass exploration program. The RC Drilling program was carried out over a 200-250m area to improve confidence in grade continuity and orientation identified in historic drilling and to test interpreted extensions to mineralisation. The drilling was concentrated at the Monza prospect area because this was identified as the most advanced target within the Smokebush project for hosting significant gold mineralisation. Multiple significant intersections were returned from drilling associated with shearing and alteration within meta-dolerite and felsic intrusive host rock.
Lefroy Exploration Limited reported initial results from the multi target drill program that Gold Fields Limited commenced in July 2020 on the company’s tenements over Lake Lefroy. The program is a follow up to the extensive foundation AC drilling that commenced in late January 2019 and is part of the AUD25 million Farm-In and Joint Venture (JV) agreement between Lefroy and Gold Fields that commenced in June 2018. The results from the ten initial RC holes continues to reinforce and advance understanding of the geological prospectivity beneath Lake Lefroy. Significant results include, 9m @ 3.58g/t Au from 96m including 1m @ 18.55g/t Au from 97m. 3m @ 3.25g/t Au from 82m including 1m @ 7.88g/t Au from 82m. Gold Fields has completed the AUD4 million minimum exploration spend and is required to fund an additional AUD6 million for AFY2021 to earn a 51% interest in the Western Lefroy Joint Venture, which is part of the wholly owned greater Lefroy Gold Project (LGP) located 50km south east of Kalgoorlie.