Golden prospects increase mine life
THE Paulsens Gold project near Paraburdoo in WA will now have a mine life of more than five years, thanks to a major resource and reserve upgrade announced by operator Northern Star Resources. The JORC reserves at Paulsens increased by 81 per cent, to 204,000 ounces at 5.3 grams per tonne, with a grade increase of 23 per cent. Northern Star’s total JORC resource increased by 38 per cent to 555,000oz at 5.7g/t, and the grade increased by 14 per cent. This revised resource will give Paulsens a minimum five-year mine life, based on a strong historical conversion of resources into mineral inventory. The result included the company’s 13,000oz at 3.2gpt maiden open pit ore reserve from the nearby Belvedere...