Mining restarts at Karlawinda, Mt Gibson resources rise
PERTH (miningweekly.com) – Mining operations at the Karlawinda gold mine, in Western Australia, have resumed following a contractor fatality in mid-October.
ASX-listed Capricorn Metals on Monday said it will continue to work with contractor MACA and the Department of Mines, Industry Regulation and Safety in relation to investigations into the fatal accident at the Karlawinda project.
Meanwhile, Capricorn on Monday also reported a 32% increase in the mineral resource estimate (MRE) at its Mt Gibson gold project, from 2.08-million ounces to 2.75-million ounces.
The updated MRE included 2.1-million ounces in the indicated category, providing the basis for the maiden ore reserve targeted for later in the current quarter.
“The increase in the Mt Gibson gold resource to 2.8-million ounces is a fantastic validation of the quality of the project we acquired just over a year ago. With 2.1-million ounces well drilled and in Indicated category we have a really strong base from which to estimate a maiden reserve and move towards development of Capricorn’s second gold mining operation in Western Australia,” said executive chairperson Mark Clark.
“The shallow average depth of the resource also gives us confidence that the project will continue to grow with further drilling.”
Clark in August said that Capricorn was hoping to complete a definitive feasibility study and make a final investment decision on Mt Gibson before the end of the year.
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