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Project : COMET VALE JV GOLD PROJECT - RESOURCE

Mining
Underground - including longwall
  Estimated Project Value
$ 20,000,000
Address 100km north of
Suburb Kalgoorlie
State WA
Council Kalgoorlie-Boulder
Postcode 6430
Project Type Resource - Gold
Development Type New
Status Commenced
Stage More Than Half Way Through But Not Yet Completed
Ownership Private
Notes
Mining In Progress Resource Estimate Announced
Commence Date 6/7/2005
Completion Date 4/6/2011
Details
  • Recent resource estimate has a combined indicated and inferred of 295,000 tonnes at 12.0 g/t Au for 114,000 ounces in SG1 and SG2 lodes.
  • Mining method is underground access via decline from a small box cut.
  • Due to an increased resource estimate mine life will be extended from three and a half years to six years at 20,000 ounces of gold per year.
  • Kingrose Pty Ltd will fund the mining and development cost.
  • M29/197 to 201, M29/232 & 3, M29/23.
  • Sand George, Sand Queen, Sand Queen.
  • An independent review of the resource estimate has been undertaken by Hellman and Schofield Pty Ltd.
  • A geophysics survey has been undertaken by UTS Geophysics.
  • Updated resource estimate was with Donegal Resources and Australian Contract Mining for mine planning & scheduling.
 
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