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Theta Gold Mines Ltd

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: $0.16

Market: ASX
Market Cap: $65.61 m
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Theta Gold Mines successfully enters subscription agreements for $8 million

Theta Gold Mines Ltd (ASX:TGM) chairman Bill Guy updates Proactive Investors on the release of a positive feasibility study for the Theta project to support further exploration on the large historical goldfield in South Africa The company also has completed a capital raising with subscription...

on 12/8/19

2 min read