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Project : MONARCH GOLD MINE - SALE OF MINE

Mining
Open Cut
  Estimated Project Value
$ 10,000,000
Address (via Dimbulah) 75 km north west of
Suburb Cairns
State QLD
Council Cairns Regional
Postcode 4870
Project Type Sale Of Mine
Development Type New
Status Abandoned
Stage Site Acquisition
Ownership Private
Notes
Expressions Of Interest Invited To Purchase Gold Mine
Commence Date 1/5/2005
Completion Date 5/9/2005
Details
  • Expressions of interest should be sent to Tim Michael C/- Ferrier Hodgson (QLD) GPO Box 838 Brisbane QLD 4001.
  • Email: fhqld@fh.com.au Telephone 07 3831 4833.
  • Current work defined a target by representative sample drilling.
  • Target consists of 320,000 t along strike to a depth of 10m at 4.6g/t gold and a further 65,000t to a depth of 100m @ ~ 15g/t gold.
  • Reserves: 369,000t including 49,000t drill indicated and measured with a potential of 900,000t updip from strike.
  • A further known potential exists outside the subject area and at greater depth.
  • ML 4972.
  • The mine consists of 14.55 hectares of tenements.
  • Two granted Mining Leases, with a further three Exploration Permits for Minerals in expedited application stage.
  • Existing gold producing mine infrastructure includes; (1) 12 bed mine camp, kitchen and ablutions block; (2) 22,000 litre fuel storage; (3) Communications tower; (4) Mobile equipment including excavators, dozer, loader etc; (5) 15 tph 2 stage crushing circuit; (6) 5000t heap leech pad and carbon stripping unit; (7) Gravity concentration equipment; (8) Ample water supply, and; (9) Integrated diesel generator power supply.
  • The mine is currently on Care and Maintenance.
  • The gold mine was operated by Memco (Australia) Pty Ltd (Administrators Appointed).
  • There have been old underground workings but the recent workings over the last 18 months have been open cut.
 
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