Mantle Mining Corporation Limited (ASX: MNM) provides the following update on progress to trial mining at the Stacpoole Zone, within the Morning Star gold mine project in Victoria.
Mantle CEO, Tom de Vries said the company is building momentum and making clear progress toward re-opening the Morning Star gold mine.
“There has been a considerable amount of work achieved on the ground in the last 6 to 8 weeks, as we move closer to developing trial mining and processing of material mined from the newly defined Stacpoole zone.
“Concurrently, we intend to permit a conventional decline which we believe will optimise our access to higher grade gold ore,” Mr de Vries said.
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Key Achievements to date:
- Winder now re‐commissioned for safe use
- Completed shaft repairs and approved for operations
- Explosive magazine licence approved
- Recruitment and mobilisation of mining workforce completed
- Trial Mining is proceeding to plan at Morning Star gold mine:
Works have begun on 2 level
- Initial clearance of old cross‐cut underway, providing fastest and lowest cost access to Stacpoole zone
- Development to Stacpoole ore zone to commence after pre‐strip completed, expected in January 2018
The company believes the most cost and time effective means to a bulk sample with trial mining is via 2 level off the existing Morning Star shaft. This bulk sample will allow Mantle to compare any gold in ore upgrade to that seen in comparison to the diamond drilling achieved in the Stacpoole zone. The bulk sample will also provide feed to recommission and optimise the onsite processing plant.