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Regis Resources Ltd.
Summary
| Project: | Duketon | |
|---|---|---|
| Deposit: | Rosemont, Moolart Well, Garden Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-1-2019: Regis Resources Ltd. announces an Exploration/Drilling Update report for its Rosemont, Moolart Well, Garden Well deposit at the Duketon project. Drilling results incl. 8m @ 27.7g/t Au from 418m. Regis Resources Managing Director, Jim Beyer, sai | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tara French (Internal) | |
| ABSTRACT: | Regis Resources Managing Director, Jim Beyer, said: “I am very pleased to report that the Regis team has again delivered a very robust set of results not just on the operations front but also in our life blood, exploration activities. “Gold production has continued as planned and our All in Sustaining Costs (AISC) for the year to date are slightly better than expectations. This strong performance is providing us with confidence that for the current financial year Regis’ production will be at the mid to upper end of our guidance range (340,000-370,000 oz) and our AISC costs coming in at the lower end of guidance ($985-1055/oz). “Looking beyond this year’s production we are very pleased to be getting started on the development mining for our high grade Rosemont underground project. On our current schedules we are expecting this new high grade ore source to be increasing our gold production rates by the end of this year and continuing this trend for at least the following three years. Our expectations of success in extending the life of the underground is already appearing to be coming to fruition with more exceptional high-grade intercepts in new areas and even with this drilling the Rosemont orebody is still open at depth. “In New South Wales, the team continued working on the complex and detailed requirements for the EIS required for the Development Approval application and the DFS for our 2Moz reserve, 10 year, McPhillamys project. We were also very pleased to potentially add further value with the continuing excellent results from the drilling we have been undertaking on the nearby satellite Discovery Ridge deposit. “Our exploration team also continued to see high grade intercept results at Garden Well below the open pit. This target is the next in the lengthy list of high potential underground mining areas after Rosemont that our team has identified across Regis’ projects in the Duketon Greenstone Belt. “In summary the good start to our production year has continued, while the execution of our exploration strategy to increase our mine life and production profile is continuing to deliver excellent results | |
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