Oakmount and Partners Ltd. NQ Minerals News Update.
Posted on 4th June 2020 at 15:33
Sculpted from experience, built for success.
ABC News Update 3rd June 2020 regarding NQ Minerals Plc Beaconsfield Gold Mine.
NQ Minerals is an Australian-based mining company which commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania.
Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes.
In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port.
“Beaconsfield is a rich gold deposit with genuine scale,” NQ Minerals' chairman David Lenigas said in a statement.
The deposit is open at depth and there is significant potential to increase these resources with further drilling."
NQ Minerals Beaconsfield JORC Gold resource has increased to 483,000 ounces of gold worth $1.26 Billion with significant additional gold potential to be assessed.
“The publishing of this new resource statement clearly demonstrates the huge underlying potential at Beaconsfield and highlights the immense scope for ongoing growth in the gold inventory as NQ moves this mine forward back into production.”
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