Gold project acquisition boosts junior’s portfolio

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 27 Jul 2012   Posted by admin


WITH the recent acquisition of the Mt Jewell project from Pioneer Resources, gold exploration and development company Carrick Gold’s suite of tenements now covers 1320 square kilometres in WA’s Goldfields, less than 100km northeast of Kalgoorlie.
The Mt Jewell project includes 490sqkm of tenements adjacent to Carrick’s flagship Lindsay’s, Kurnalpi and Kalpini projects, collectively known as the LKK portfolio.
The new acquisition positions Carrick as the dominant gold explorer and developer in the region: the company also owns the Lady Allison project at Spargoville in the Goldfields area.
Mt Jewell has a number of promising exploration targets that have the potential to increase Carrick’s total gold inventory. Importantly, the two most advanced deposits, Tregurtha and Hughes (pre-established by Pioneer) are near-ready for mining and processing, complementing the status of the nearby Kurnalpi project.
Carrick has begun a feasibility study for the construction of its own mill to develop all four projects. The company is focussed on being in a position to begin first mining of the two most advanced projects within the LKK portfolio, the Parrot Feathers deposit at Lindsay’s and the Brilliant orebody at Kurnalpi, by the end of 2012.


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