Base and precious metal production company Terramin Australia Limited is set to commence a significant drilling programme at the Bird-in-Hand Gold Project in the coming days.
The 2,400 metre drilling programme – which is expected to be completed in the next 3 months – is designed to provide geotechnical data to enable Terramin to complete its studies so that it is in a position to lodge a mining lease application later this year.
According to Terramin, the Project has an Inferred Mineral Resource estimate of 557,000 tonnes at 13.0g/t for a contained 233,000 ounces of gold, which represents one of the highest grade gold deposits in Australia.
Terramin said the Project’s development is based on an underground, paneled cut and fill mining method and a gravity concentration and flotation processing approach to produce dore bullion and gold concentrate.
The company’s CEO Martin Janes said Terramin plans to utilise its existing processing plant and tailings storage facility at the Angas Zinc Mine to process the ore.
“The Bird-in-Hand Gold Project offers Terramin the opportunity to operate one of the highest grade gold mines in Australia where the economics of the project are further enhanced by the utilisation of Terramin’s existing processing facilities,” Mr Janes said.
“The technical work and compelling economics performed on the Project to date has given Terramin the confidence to proceed with the mining lease application.”