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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Au81 West, Little Wonder, Roscoes Reward | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-11-2017: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Au81 West, Little Wonder, Roscoes Reward deposit at the Nullagine project. Drilling results incl. 15m @ 5.58g/t Au from 145m. Millennium Minerals Limited (Millenn | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Dunn (Internal) | |
| ABSTRACT: | Millennium Minerals Limited (Millennium or the Company – ASX: MOY) is pleased to report that exploration at the Company’s Nullagine Gold Project (Nullagine or the Project) in WA’s Pilbara Region has delivered more strong results, supporting the Company’s plans to increase production and mine life. Recent drilling has returned very positive intercepts from Au81 West, part of the Golden Eagle Mining Centre, as well as highlighting the potential to extend the historical pits at Little Wonder and Roscoes Reward, part of the Camel Creek Mining Centre. In addition, the recently-announced review of conglomerate-hosted gold potential at Nullagine (see ASX Announcement 11 October 2017) has delivered initial positive results, confirming the presence of gold mineralisation within the Dromedaries – two conglomerate-capped ridges located immediately east of the Golden Eagle Plant. These latest exploration results come hard on the heels of the Company’s recent gold discovery at Redbeard, part of the Yates trend, and exceptional high-grade intersections including visible gold in core at Bartons Underground (see ASX Announcement 21 November 2017). Collectively, these results deliver high-grade gold intercepts from the entire mineralised corridor at Nullagine from the south-west to the north-east (see Figure 1). This demonstrates the Project’s outstanding growth potential and supports Millennium’s plan to deliver a step-change increase in production and mine life at Nullagine, aimed at establishing a minimum five-year mine life based on annual production of 100,000 ounces per annum. | |
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