Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Munda Gold Project Grade Control Drilling Program Completed Mine Planning Progresses

by April 3, 2024
April 3, 2024
Munda Gold Project Grade Control Drilling Program Completed Mine Planning Progresses

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that all assay results have now been received for the first phase of grade control drilling at the Munda Gold Project, near Widgiemooltha, WA.

HIGHLIGHTS:Final assays received for the recently completed grade control drilling program at Munda Gold Project.Final 10 holes drilled bringing total to 361 holes and 11,301m completed on 10m x 10m pattern.Latest assays include high-grade or broad intersections including:Quotes received from contractors for mining, drilling and blasting.Pit optimisations and mine design to proceed based on up-to-date costings and an updated resource model.


Management Comment

Managing Director, Mark English, said: “The completion of the grade control drilling program was an important undertaking by the Company. It has substantially advanced our understanding of the Munda gold deposit and in particular the role and distribution of high-grade zones in mining.

“The drilling program has provided guidance for mine planning, exactly what it was designed to do. Our next task is to further refine the resource model and re-optimise the model using recently obtained costings from reputable mining contractors and the rising gold price. This will generate a revised starter pit design for mining in late 2024 or early 2025.

“We continue to progress the development of our main asset, with the focus on getting Munda into production.” said Mr English.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
First Copper Sulphate Shipment Ready
next post
John Ciampaglia: Copper Emerging from Slumber, is it the Next Uranium?

Related Posts

Element79 Gold Corp Completes Filing of Q1 Financial...

March 1, 2024

NorthStar Gaming Announces Extension of Strategic Marketing Agreement...

April 27, 2024

Ways to Invest in Oil (Updated 2023)

July 5, 2023

Top 5 Junior Copper Stocks on the TSXV...

May 1, 2024

FPX Nickel Provides Update on 2025 Community Initiatives

April 22, 2025

Warriedar Resources

September 19, 2023

Cardiol Therapeutics

August 18, 2023

Why Nevada Could be the Next Lithium Frontier

October 18, 2023

Quimbaya Gold: Unlocking High-grade Gold Potential in Antioquia,...

January 18, 2025

JZR Gold Enters into Loan Agreement

February 12, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

    • Three Charts to Watch for an “All Clear” Signal

    • Use This Multi-Timeframe MACD Signal for Precision Trades

    • The Unpredictable Stock Market: How to Make Sense of It

    • Crypto Market Recap: New Hampshire Launches First State Crypto Reserve, Trump Stirs Controversy

    • SAGA Metals Extends Claims at the Radar Ti-V-Fe Project –Securing the Entire Titanomagnetite-Bearing Intrusion

    Categories

    • Business (1,181)
    • Investing (2,402)
    • Politics (3,699)
    • Stocks (1,551)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved