(via NewsDirect)
Lenigas detailed the exploration target of 2.8 to 4.5 million ounces of gold, situated near Kalgoorlie, a major mining area. He likened the project to Saturn Metals’
Steps towards building JORC-compliant mineral resource estimates were outlined, including continued drilling to verify the geological model, which has so far proven successful up to 450 metres in depth.
Lenigas noted a significant increase in central bank gold purchases as a key driver of the current gold price surge, which he believes will eventually lead to a revaluation of junior gold companies.
Contact Details
+61 431 597 771
writers.australia@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source