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Theta Gold Mines Ltd.
Summary
| Project: | TGME | |
|---|---|---|
| Deposit: | Theta Hill, Columbia Hill | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 1/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2019: Theta Gold Mines Ltd. announces an Exploration/Drilling Update report for its Theta Hill, Columbia Hill deposit at the TGME project. Drilling results incl. 21m @ 3.61g/t Au from 41m. Theta Gold Mines Limited (“Theta Gold” and “Company”) (ASX: T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Phil Bentley (Internal) | |
| ABSTRACT: | Theta Gold Mines Limited (“Theta Gold” and “Company”) (ASX: TGM) is planning on recommencing mining activities at the historical TGME mine in South Africa’s Eastern Goldfields. The Company continues to make good progress with ongoing resource infill classification drilling and plans to issue a revised resource and reserve statement together with a Feasibility Study in early 2019. The Company is pleased to report there was high level of activity at the project over the past month and drilling at Theta Hill deposit for Indicated and Measured resources is now nearing completion for Mining Right, MR83. Additionally, the Feasibility Study work during the quarter included site visits from contractors and engineering groups to ensure independence and to support the costing for financial. Chairman, Bill Guy commented: “The last of 2018 drill assays for Theta Hill are showing continued good grades which is causing much excitement in the team. Just 3km to the west of the TGME Plant, Columbia Hill continues to show good potential, so much so that additional drilling is now underway to build up the geological model for that deposit”. “As part of the Feasibility Study, the TGM Board will develop more clearly delineated timelines and work schedules to bring the existing TGME plant back into production. The on‐site team is back at work and the 2019 work program has begun with environmental studies to support the permitting process for open cut developments,” Mr Guy said. | |
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