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Silver Lake Resources Ltd.
Summary
| Project: | Mount Monger | |
|---|---|---|
| Deposit: | Mount Belches | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-12-2018: Silver Lake Resources Ltd. announces an Exploration/Drilling Update report for its Mount Belches deposit at the Mount Monger project. Drilling results incl. 29.8m @ 5.44g/t Au from 107.0m. The Santa area gold deposits are located within the Mou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Antony Shepard (Internal) | |
| ABSTRACT: | The Santa area gold deposits are located within the Mount Belches Mining Centre which hosts the shallow, high grade Cock-eyed Bob and Maxwells underground mines and is approximately 18km north of the Randalls mill. Historical mining has focused on multiple open pits within the Santa area, with the most recent open pit mine completed by Silver Lake in Q1 FY2017. The Santa area gold lodes remain open down plunge below the open pit floors, and the mineralised trend extends along strike to the south of the open pit mining area. Silver Lake Resources Limited Managing Director Luke Tonkin said: “The continued intersection of broad, high grade, visible gold mineralisation at Santa increases our confidence in the potential for Santa to host a third shallow, underground mine at Mount Belches. The Mount Belches operating model has proved to be highly successful as demonstrated from the operating results at Maxwells and Cock-eyed Bob. The potential to increase production through the development of numerous BIF hosted deposits within the Mount Belches Mining Centre has the potential to add significant value to Mount Monger with the addition of higher margin ounces to the Randalls mill.” | |
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