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Saracen Mineral Holdings Ltd.
Summary
| Project: | Thunderbox | |
|---|---|---|
| Deposit: | Thunderbox | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-11-2019: Saracen Mineral Holdings Ltd. announces an Exploration/Drilling Update report for its Thunderbox deposit at the Thunderbox project. Drilling results incl. 8m @ 27.22g/t Au from 68m. Western Australian gold miner Saracen Mineral Holdings (ASX: | |
| Resources: | ||
| CP/QP: | [Overall Report]: Daniel Howe (Internal) | |
| ABSTRACT: | Western Australian gold miner Saracen Mineral Holdings (ASX: SAR) is pleased to report another round of strong drilling results. Saracen’s increased exploration spend in recent years has delivered global-leading growth, with Reserves doubling over the past three years (after mining depletion) to a record 3.3Moz at 30 June 2019. FY19 was particularly successful, with a Reserve increase of 800,000oz despite 330,000oz mining depletion. Saracen Managing Director Raleigh Finlayson said the latest results highlighted the significant growth potential at the Company’s existing assets. “Our organic growth strategy continues to deliver exceptional returns on our investment by any measure,” he said. “There is still immense potential to grow production and mine life at our assets, which also allows us to capitalise on our existing infrastructure. This combination of extremely low discovery costs and access to existing infrastructure ensures we generate outstanding returns on our capital, which is our overall objective.” | |
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