PERTH (miningweekly.com) – Junior Primary Gold has launched a mining optimisation study at its recently acquired Coolgardie gold project, in Western Australia.
Primary Gold in August acquired the project, which consists of 23 granted tenements and one application, from fellow-listed MacPhersons Resources for $5-million in cash and 40-million shares.
The project hosts an existing resource of 3.81-million tonnes, at 1.63 g/t gold for 200 600 oz of gold.
Primary Gold said on Thursday that the optimisation study would provide important confirmatory inputs required to bring the project into production, and would initially focus on the MacPhersons and Tycho deposits.
The study is expected to optimise the delivery of Primary Gold’s low-cost development strategy through the extraction of existing measured and indicated resources, the use of experienced local mining contractors, and toll treatment of the ore produced at Coolgardie through local mills.
Along with an expanded mineral resource, the study will also include resource block model development and openpit optimisation studies, future underground mining crossover plans, detailed mine design and schedule, and financial modelling and valuation.
The study is due to be completed in late 2016.
Edited by: Creamer Media Reporter
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