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Theta Gold Mines confirms commercial viability of Theta project with positive feasibility study

Theta Gold Mines Ltd (ASX:TGM) chairman Bill Guy updates Proactive Investors on the gold developer's positive feasibility study recently completed for its Theta project in South Africa. 
 
The study confirms the project's economics and commercial viability, supported by a global mineral resource recently updated to more than 6 million ounces.
 
"During the resource conversion we discovered two new reef systems ... these two reefs add a lot of gold content to the project," Guy says.
 
He continues, "Historically the grade of Theta was 7 g/t ... we're going to deliver over 2.7 g/t so we feel there's a lot of upside there with the grade."

Quick facts: Theta Gold Mines Ltd

Price: 0.25 AUD

ASX:TGM
Market: ASX
Market Cap: $114.73 m
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Theta Gold Mines' Bill Guy discusses appointment of mining contractor and...

Theta Gold Mines Ltd's (ASX:TGM) Bill Guy caught up with Proactive's Andrew Scott after announcing they've selected an experienced and respected mining contractor in Digmin Group to advance trial mining activities at the Starter Theta Project in South Africa. Guy also discusses the recent DTC...

on 22/7/20

2 min read