Proactiveinvestors Australia

Interpretation of all data over Stratum Metals’ East Menzies Goldfields Project that incorporates data from the HeliTEM survey has identified a number of potential massive sulphide conductors, the strongest of which have not been tested by recent drilling.  It is this one that could generate some excitement. 

With individual gold bearing quartz veins ranging from 5g/t to 13g/t gold over metre thick intersections, MacPhersons can incorporate Boorara into the Nimbus mill feed schedule - providing another step forward on the road to production. Drilling also identified large gold halo zones up to 68 metres thick averaging 1g/t gold.

Having secured A$10M in investment facility from Baycrest Capital, Cleveland Mining has bolstered its balance sheet that gives it the financing flexibility to progress its Brazilian gold and iron ore portfolio.

Signing the Port Services Agreement with the Bunbury Port Authority places MZI Resources another step closer towards bringing its Keysbrook mineral sands project into production. The company is now working towards finalising finance arrangements.

With excess capacity and a pressure oxidation circuit, Aphrodite Gold’s planned oxide and refractory gold plant will be capable of processing third party ore in addition to ore from the company’s self-named gold project in the Kalgoorlie region.