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Project : KARONIC PROJECT - MAIN ZONE

Mining
Underground - including longwall
  Estimated Project Value
$ 5,000,000
Address Approx 110 km east of
Suburb Kalgoorlie
State WA
Council Kalgoorlie-Boulder
Postcode 6430
Project Type Trial Mining
Development Type New
Status Firm
Stage Completed
Ownership Private
Notes
Trial Mining Expected To Commence Shortly Contractor Named
Commence Date 6/5/1998
Completion Date 3/9/1998
Details
  • The Maine Zone north shoot contains 35,700 tonnes at 10.10 g/t gold & remains open to the north.
  • Continuity of the shoot will be tested by diamond drilling from underground during the course of the decline development.
  • Re-assessment of Main Zone south mineralisation has also commenced with detailed manual sectional & plan view studies of drill hole data.
  • Significant high grade mineralisation occurs within a south plunging zone below the open pit.
  • This target is rated as a high priority for further testing by drilling & has the potential to add a significant tonnage of high grade ore to the mineable reserves.
  • Under the terms of the agreement, Barminco will access the Main Zone north shoot via a decline from the base of the Main Zone open pit.
  • Barminco will mine & truck ore to their Coolgardie Greenfields plant for treatment.
  • Barminco will meet all mining, trucking & milling costs.
  • The Joint Venture Agreement allows for Barminco to recover a maximum of 15,000 ounces of gold with all mining & milling operations to be completed by the end of September 1998.
 
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