Castle Hill delivers more resource for Phoenix
PERTH (miningweekly.com) – Junior Phoenix Gold has reported a 75% increase in the mineral resource of its Stage 1 project at Castle Hill, in Western Australia.
The Stage 1 project was now estimated to contain some 21.79-million tonnes of ore, grading 1.6 g/t for 1.13-million ounces of contained gold. Phoenix noted that over 70% of the contained metal was in the indicated category.
The combined resource for the Castle Hill project now stood at 30.95-million tonnes, grading 1.6 g/t for 1.6-million ounces of gold. This was a 37% increase on the previous contained metal estimate, with 52% of the resource classified as measured and indicated.
MD Jon Price said on Wednesday that the resource update clearly demonstrated the robust nature of the mineralisation that was conducive to large-scale, low-cost opencut mining from surface.
“As we continue to grow the resource, along strike and at depth, of Stage 1, Stage 2 and beyond, the updated geological model will be the subject of an independent openpit reserve study,” said Price.
He added that this would deliver an updated reserve position, mining schedule and development plan as part of the definitive feasibility study, that was due for completion in December this year.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














