GME Resources acquires mining leases over Devon gold mine in Western Australia

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Image credit: flickr User: Evan McKern

GME Resources, a Perth-based nickel exploration company, has secured the needed mining leases over its wholly owned Devon Gold Project at Linden in the North Eastern Goldfields, Western Australia.

Image credit: flickr User:  Evan McKern
Image credit: flickr User: Evan McKern

GME Resources is mainly focused on the development of its NiWest Nickel Project which is located in Laverton, Western Australia, but is currently negotiating with plant operators in the WA’s North Eastern Goldfields in order to begin processing ore from the Devon gold mine in the North Eastern Goldfields.

According to the media release issued by GME Resources, the Devon gold mine has a JORC Resource of more than 50,000 ounces of gold. Mineralisation at the mine is in the form of quartz bearing lodes that are set to be exploited by open pit mining and remains at depth of 60 meters.

The company was able to define the lodes through constean sampling and numerous drilling programs from the surface.

Conducted drilling operations have intersected 8 meters at 15.6 grams per tonne gold from 18 meters, 3 meters at 19.3 grams per tonne gold from 5 meters and 6 meters at 6.6 grams per tonne from 18 meters.

Adertisement

GME Resources and its subsidiary Golden Cliffs NL own a number of prospective gold projects in the Leonora–Laverton region and the amount of work the company has undertaken on these areas varies from simple soil sampling through to diamond drilling and resource definition.

For more information about GME Resources and the Devon Gold Project, visit the company’s website at http://www.gmeresources.com.au/