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Primary Gold Ltd.
Summary
| Project: | Mt Bundy | |
|---|---|---|
| Deposit: | Mt Bundy | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-4-2017: Primary Gold Ltd. announces a Scoping Study report for its Mt Bundy deposit at the Mt Bundy project. Scoping study results incl. CAPEX $155M, LOM of 9yrs. Primary Gold Limited (ASX: PGO) (“Primary” or the “Company”) is pleased to announce that | |
| Resources: | (Resource, Total): 1.235Moz Au contained at Project | |
| CP/QP: | [Resources]: Brian Fitzpatrick (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Primary Gold Limited (ASX: PGO) (“Primary” or the “Company”) is pleased to announce that it has received positive results from its recently completed Scoping Study on the Mount Bundy Gold Project (“Study”). The Board considers the results of this Study justify the Project moving to the pre-feasibility study (“PFS”) stage. This Study has identified and detailed the opportunity to create a significant Northern Territory gold centre. Managing Director, Garry Mills, said “I am very excited with the results coming from the first study to be completed over the consolidated Mount Bundy gold resources in this underexplored mining centre. We are now commencing our programs to explore the potential to significantly grow the existing Toms Gully resource to allow us to extend the high grade feed to the mill beyond year 4. At Rustlers Roost we are keen to commence drill programs this quarter which will allow us to test extensions to mineralisation beyond the current 150m deep pit which bottoms out on lack of prior drilling. Similarly, drill programs planned for Quest 29 with explore the potential for amalgamating and deepening the current four pits in close proximity to each other. The immediate commencement of our PFS will include metallurgical test work to potentially increase recoveries and further lowering all-in-sustaining-costs.” | |
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