Jun 19, 2018

Lorena partners rethink pit design in bid for extra gold

The Lorena gold mine joint venture is investigating pit design modifications to increase the mineable resources. A preliminary re-design of the pit, based on an updated block model, has shown that a cut-back to the south-east corner of the pit could deliver up to an additional 9000ozs of gold at an average grade of 4-4.5g/t, according to Malachite Resources. The economics of carrying out the cut back were encouraging, with further work underway to confirm the viability of revising the pit for mining purposes, the company said. The Lorena gold project, 15...

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