https://www.engineeringnews.co.za

Penny's Find gets the green light

5th May 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The Western Australian government has given ASX-listed junior Empire Resources approval to start mining at the Penny’s Find gold project.

“This is a critical approval that means there are no technical impediments for our plans to mine at Penny’s Find upon the completion of a bankable feasibility study and financing arrangements,” said Empire MD David Sargeant.

“With a high-grade openpit planned to a depth of 80 m, this project represents an excellent near-term production opportunity for Empire, given the current high gold price. We also believe there is substantial upside at Penny’s Find once an ongoing study into the development of the underground resource has been completed.”

Sargeant said that this, along with exploration potential at depth, boded well for the long-term future of the project.

The project currently has an ore reserve of 146 000 t, grading 4.62 g/t gold for 21 700 oz and a resource estimate of 470 000 t, grading 4.42 g/t gold for 66 800 oz.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

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:0.048 0.585s - 140pq - 2rq
Subscribe Now