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."
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