Released by Jane BenthamEditorial Assistant
De Grey Mining Limited has actually revealed it has actually participated in an Option Agreement with Kalamazoo Resources Limited associating with the Ashburton Gold Project in the Pilbara area of Western Australia.
Ashburton covers a location of 217 km2 and lies around 290 km south of the Hemi Gold Project.
Talking about the Option Agreement, Managing Director Glenn Jardine stated: “The proposed 10 Mtpa gold plant at Hemi, consisting of a 0.8 Mtpa POx circuit, will be a regionally tactical property that offers the business with the prospective to deal with gold ore and focuses from other local gold Projects. This utilize has the prospective to increase Hemi’s yearly gold production rate, financial returns and Project life.
“Ashburton’s 1.44 million oz resource is among the biggest unmined gold Resources in the Pilbara beyond Hemi. It has previous mining history, a comprehensive drilling database, and advancement principle research studies which show it might be complementary with our advancement technique for Hemi.
“The business’s present scoping research study into its 2.2 Moz Hemi Regional Resource is likewise constant with this method. The possible advancement of extra production sources outside the Hemi deposits would take place just following the beginning of production and cashflow from Hemi itself.”
Check out the post online at: https://www.globalminingreview.com/mining/07022024/de-grey-to-acquire-ashburton-gold-project-in-australia/
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