Laneway Resources is targeting an August restart for gold mining at its Agate Creek gold project, 40km south of Forsayth in North Queensland.
Blast hole drilling has begun in preparation for the planned Sherwood open-cut expansion (cutback), with the first two blasts successfully completed, the company reported today.
Page 2Mineral Resources and Reserves of 173 Charters Towers Gold Project 2012 Table of Contents 1.0 Summary 5 2.0 Introduction 7 2.1 For whom is this report prepared 8 2.2 Purpose for which this Report has been prepared. 8 2.3 Sources of Information and Data. 8 2.4 Scope of personal inspection of the property 8 3.0 Reliance on Other ExpertsFor personal use only 9. John Thomas, known as Blackjack and the discoverer of gold mines of that name at Ravenswood and Charters Towers was in the party of men which included Mr EHT Plant and Mr Ellis in 1867 when they.
Waste material is now being shifted to allow for access to ore left
behind during mining in 2019 as well as an additional ore shoot
intersected during drilling late last year.
This initial phase of mining is also designed to allow for a follow-up program of RC drilling to be undertaken on the exposed bench once waste has been removed.
Laneway said an RC drilling program was also underway, with 39 shallow drill holes planned to increase the delineation of high-grade ore able to be mined this year to more than 30,000 tonnes.
Following this round of drilling, an updated mine plan will be completed and mobilisation of a contract mining fleet will commence.
Laneway said it was still finalising mining contractor and ore transportation arrangements as well as toll treatment agreements for third party offsite processing.
“A number of processing options are being evaluated and progressed,” it said.
Laneway said the on-site accommodation and camp facilities at Agate Creek had been upgraded to allow enhanced social distancing and hygiene measures consistent with COVID-19 advice from health authorities.
Laneway brought the Sherwood deposit at Agate Creek into production for five months from April last year, with the ore trucked to Maroon Gold’s Blackjack processing plant at Charters Towers.
This initial campaign processed 69,759 tonnes of ore to recover almost 16,000 oz (or just under 500kg) of refined gold..
In January this-year Laneway announced a new mineral resource for the high-grade area at Sherwood of 205,000 tonnes at 5.5 g/t gold (taking into account mining depletion during 2019).
The global mineral resource at Agate Creek was also updated after recent drilling. With a cut-off grade of 0.5 g/t gold, it stands at 8.3 million tonnes at 1.4 g/t gold.