For thousands of other reports visit RSC's Mineral Intellingence Map
Theta Gold Mines Ltd.
Summary
| Project: | TGME | |
|---|---|---|
| Deposit: | Columbia Hill | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 4/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2019: Theta Gold Mines Ltd. announces an Exploration/Drilling Update report for its Columbia Hill deposit at the TGME project. Drilling results incl. 3.0m @ 16.04g/t Au from 75m. Theta Gold Mines Limited (“Theta Gold” or “Company” (ASX: TGM, TGMO)) i | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phil Bentley (Internal) | |
| ABSTRACT: | Theta Gold Mines Limited (“Theta Gold” or “Company” (ASX: TGM, TGMO)) is pleased to announce that the Company’s recent drilling programs have returned high grade gold assays from Columbia Hill in South Africa. The current Columbia Hill drilling campaign was completed to enable updated geological modelling and resource estimation to be included in the Theta Feasibility Study. Columbia Hill is one of several surface and near‐surface high‐grade gold projects being targeted to provide material cost advantages relative to other gold producers in the region. These projects, including Columbia Hill, are located some 370km east of Johannesburg. Following small scale production there from 2011 – 2015, the Company is now focused on the planned refurbishment of the existing CIL plant and nearby mines/prospects with the intention of resuming gold production and is considering open pit mining where it has identified mineral resources amenable to open pit production. Columbia Hill Drilling Programs The Company is continuing to make good progress with ongoing open pit Indicated resource classification drilling. The Columbia Hill drilling is showing the resource is still open to the west. The old workings on the western side (Figure 1) remain untested. The western side of Columbia Hill will be tested in the coming months, offering potential to further extend the current proposed pit shell (Figure 2). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report