The programme focuses on the Ironbar, Toecutter and Cheedo prospects on the western side of the project and will only partially test targets defined by recent soil geochemistry.
The best intercept was 26.9 metres at 13.0 grams per tonne gold from 152.3 metres in hole MDD537, with an estimated true width of 24.9 metres. Hole MDD536 returned 34.4 metres at 8.8 g/t from 160.7 metres, a true width of 30.6 metres, while …
The widest new interval came from trench PO-16a, which returned 126.32 metres at 0.41 grams per tonne gold equivalent. PO-15 delivered 95.50 metres at 0.50 g/t AuEq, PO-10c 97.58 metres at 0.44 g/t and PO-10d 89.56 metres at 0.47 g/t. The highest average grade …
A second hole, 26HRC215, returned 4.0 metres at 9.74 g/t from 378 metres. Torque says this is the deepest intercept at HHH so far and sits more than 80 metres down-plunge of hole 26HRCDD151, which previously returned 8.9 metres at 17.50 g/t.
The first right allows Gage to match or better any offer from a third party to fund the project's construction or to buy its product. No capital expenditure figure was disclosed in the announcement, and no binding financing or offtake agreement has been signed.
The power station was supplied by Silverstone Energy and is designed to support underground mining, ventilation, dewatering and a staged expansion of surface infrastructure. Managing director and chief executive Brendan Tritton said commissioning permanent power and ventilation materially advanced Comet's restart readiness.
Four copper-bearing samples were sent for laboratory analysis. Sample GS000546 returned 3.80% copper and 0.11 grams per tonne gold, and GS000549 returned 1.45% copper and 1.05 g/t gold. The other two returned 0.381% and 0.134% copper.
The fixed-wing survey, flown by Sander Geophysics, covered 4,212.9 line-kilometres. About 2,567 line-kilometres were flown at 200-metre spacing over the contact between the Rae Group and Coppermine River Group basalts, collecting magnetics, radiometrics and gravity, and a further 1,646 line-kilometres at 100-metre spacing over …
It comes roughly 14 months after discovery hole SPRCD062 at Consols. The company puts its all-in discovery cost, including acquisition, at A$14.62 an ounce, and the estimate is based on 175 holes for 72,890 metres.
The agreement also settles a dispute. Manda had lodged objections and forfeiture applications in the Warden's Court over several Jundee South tenements, which Avenira opposed. Following the signing, Manda has withdrawn all of them and undertaken, for itself and its associates, not to lodge …