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Project : SOUTHERN CROSS OPERATIONS - MARVEL LOCH - GOLD RESOURCE

Mining
Open Cut
  Estimated Project Value
$ 50,000,000
Address 30 Km South Of
Suburb Southern Cross
State WA
Council Yilgarn
Postcode 6426
Project Type Operating Mine
Development Type New
Status Commenced
Stage More Than Half Way Through But Not Yet Completed
Ownership Private
Notes
Mining In Progress
Commence Date 4/6/2005
Completion Date 6/6/2012
Details
  • The developer is planning to spend $27 million on develpment work for 2005-2006.
  • This work includes drilling expenditure of $4 million, process plant improvements of $4 million and underground development and associated infrastructure of $17 million.
  • Gold production for 2005-2006 was 166,000 ounces.
  • Resource estimate is 750k tonnes @ 4.6 g/t for 110,000 ounces in the measured category, 8,900k tonnes @ 3.1 g/t for 890,000 ounces in the indicated category, 6800k tonnes @ 3.3 g/t for 710,000 ounces in the inferred category.
  • The development was purchased from the Son Of Gwalia when they went into receivership.
  • Mining has come from the Marvel Loch underground development, the Hercules open pit and all ore is processed on the on site processing plant.
 
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