Positive results bring new opportunities for gold explorer
GOLD-focussed explorer Ramelius Resources has announced completion of a mineral resource estimate for its Water Tank Hill deposit in WA’s Mount Magnet, with plans to start the mining operation process. The Water Tank Hill satellite deposit, opposite the company’s gold mine, is estimated to contain 63,000 ounces of gold. Together with the St George resource, Ramelius has a total resource of 125,000oz at a grade of 5.2 grams per tonne of gold which can be accessed by the St George decline. “Ramelius believes that there are now sufficient resources within close proximity of the St George decline to justify commencing a mining study to demonstrate the economic viability of a mining operation,” a company statement said. The study for Water...