May 20, 2019

Steady flow from Agate Creek gold project

Steady flow from Agate Creek gold project The Blackjack processing plant at Charters Towers.

More than 13,000 tonnes of ore have been mined from the Agate Creek gold project, owner Laneway Resources reports.

The mine is located about 40km south of Forsayth and 60km west of Kidston in North Queensland.

The company brought the project into production quickly, achieving the first gold pour within 10 weeks of the mining lease being granted.

First ore was fed into the crushing circuit of Maroon’s Blackjack gold processing plant at Charters Towers on April 17 and the first gold was poured on April 22.

Gold dore bars produced from Agate Creek material.

Overall gold recovery for April totalled 2220 ounces from about 5012 tonnes of material with a reconciled grade of 13.91 g/t, the company said in an announcement to the market today.

Gold bullion was poured from gold and silver recovered by gravity, ILR (Intensive Leach Reactor) and CIL (Carbon in Leach) extraction methods at Maroon’s plant.

Refined gold sold during the month totalled 57,821g or 1859 ounces of 99.999 gold.

Laneway said plant recoveries had been higher than expected, with 99 per cent being achieved during April.

More than 11,000 tonnes of ore have now been processed.

“Processing is expected to continue for around 16 weeks assuming processing rates reach the planned 25 tonnes per hour without compromising recoveries given the high-grade nature of the ore,” the company said.

Planning is well advanced for further drilling programs at Agate Creek targeting additional potential high-grade zones – including potential extensions of the zones currently being mined.

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