Havilah Resources has achieved the highest single gold pour from its Portia Gold Mine to date totalling approximately 40kg.
The subsequent analysis of the bars indicated purity in excess of 90% with approximate value of $2 million at current gold prices.
Havilah said mining in the open pit has progressed to the high grade portion of the deposit which is reflected in the increased daily gold production.
“Over the last week Havilah’s mining partner, Consolidated Mining and Civil (CMC), has delivered more than 14,000 tonnes of high grade ore and 20,000 tonnes of medium grade ore to the processing plant stockpile,” the company told the ASX.
“It is therefore expected that the current processing plant production rates should be maintained.”
Havilah said that steady progress has been made on increasing the ore throughput rates with 24 hour operation and improved availability of the processing plant. According to the company, the plant has recovered gold in accordance with design expectations with negligible loss of gravity recoverable gold.
“A week ago we reported our first million dollars of gold income, now we have achieved double that in just one day,” said Havilah Managing Director, Dr Chris Giles.
“Portia is living up to our expectations both in terms of gold grade reconciliation and grade distribution.”