PERTH (miningweekly.com) – ASX-listed Eastern Goldfields has reported a maiden openpit reserve of 820 000 t for its Sand King deposit, at the Siberia project, in Western Australia.
Grading at 2.5 g/t gold, the deposit is estimated to host some 65 000 oz of gold.
“The combined Sand King and Missouri reserve will underpin the baseload feed requirements for the Davyhurst plant while establishing an early robust cash flow for the early years of the project,” said Eastern Goldfields executive chairperson Michael Fotios.
“We intend to combine supplementary oxide openpit ores and higher-grade underground ore feed over the baseload as the project develops. With the completion of reserve generation works delivering such strong gold ounce conversion, we now look forward to the commencement of mining at Siberia in the coming weeks.”
The Sand King and Missouri deposits have a combined reserve of more than two-million tonnes, grading 2.3 g/t gold for 150 000 oz. This represents a 30% conversion for the combined resource of 4.8-million tonnes, at 3.2 g/t gold for 498 000 oz.
Fotios said mine evaluation work investigating the underground mining potential beneath these two deposits continues, adding that all the necessary statutory approvals for mining at Siberia were also in place.
Edited by: Creamer Media Reporter
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