https://www.engineeringnews.co.za

Eagles Nest sitting on 25 800 oz of gold

1st November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Maximus Resources has reported a maiden resource of 407 550 t, grading 204 g/t gold at its Eagles Nest deposit, in Western Australia.

The project is estimated to host 25 800 oz of gold.

The resource is based on 51 reverse circulation drill holes, totalling 5 542 m, with Maximus telling shareholders on Tuesday that additional resource drilling would start this month to potentially add further resource.

The Eagles Nest deposit is located about 7 km south from the previously mined Wattle Dam gold mine, which Maximus also owns, and is about 60 km from the recently acquired Burbanks gold treatment plant.

The Burbanks plant has a capacity of 180 000 t/y and is currently being refurbished with an anticipated completion time of the first quarter of 2017. The Burbanks mill will initially treat third-party ore feed to generate maiden revenues, while the company defines and progresses its own gold resource through to feasibility, approval and production.

Eagles Nest is slated to be the first gold deposit that will be mined.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.046 1.131s - 140pq - 2rq
Subscribe Now