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Millennium Minerals Ltd.
Summary
| Project: | Nullagine | |
|---|---|---|
| Deposit: | Bartons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-11-2017: Millennium Minerals Ltd. announces an Exploration/Drilling Update report for its Bartons deposit at the Nullagine project. Drilling results incl. 11m @ 21.46g/t Au from 43m. Millennium Minerals Limited (Millennium or the Company – ASX: MOY) is | |
| 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 advise that recent drilling at Bartons, part of its 100%- owned Nullagine Gold Project in WA, has returned broad, high-grade gold intercepts, further highlighting the outstanding gold endowment of the Nullagine project area. Bartons has been a key focus for Millennium’s growth initiatives in 2017, which are aimed at establishing a minimum five-year mine life at Nullagine based on annual production of 100,000 ounces per annum. The Company is undertaking a large-scale open pit cut-back at Bartons to access additional highgrade ore. It has completed a maiden underground Mineral Resource estimate and Scoping Study with a view to establishing Bartons as the first underground mining operation at Nullagine. The latest drilling results include a series of exceptionally high-grade intercepts from a combination of Resource definition and grade control drilling programs being conducted from within the Bartons cutback, as well as broad mineralised intercepts from resource in-fill drilling to upgrade Inferred Resources to Indicated as part of the Bartons Underground Feasibility Study. Millennium completed a Phase 1 Indicated and Inferred Mineral Resource estimate for Bartons Underground comprising 475,900 tonnes grading 5.3g/t Au for 80,400 ounces of contained gold (see ASX Announcement 7 August 2017). | |
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