INTERCEPTS Thu 24/07/2014

Mako Lode looks better for Castlemaine

10th Apr 2012

MELBOURNE, Apr 10 – Castlemaine Goldfields has increased the JORC inferred resource for the high grade Mako Lode in the Ballarat gold mine in Victoria, Australia by 25% to 47,700oz.

Following positive exploration results from the Britannia compartment drilling program, the updated resource of 160,000t at 9.5g/t (grade sensitivity range of 6-11g/t) includes for the first time a hanging wall lode known as the Tiger Up-Dip Lode now subject to cross-cut development as an ore source. The estimate is after depletion of 7800t mined to date.

With infill diamond drilling in the Britannia compartment nearing halfway (four of the planned nine sections of holes), five areas have been prioritised for infill drilling.

 

HighGrade

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