(MENAFN- ProactiveInvestors)
() has been granted registration of its Mineral Claim 4384 over 2251 hectares for the Tunkillia gold project clearing the way for the Mineral Lease application.
Preparation of a Mineral Lease Proposal document is well advanced for lodgement with the South Australian Department of State Development.
In March it secured 100% of ELs 4812 and 4495 after completion of transaction with ().
It has also identified 14 prospects for priority exploration follow-up from a total of 33 targets generated from a major review of historical data.
Two of these prospects have been scheduled for imminent drilling.
Tunkillia Gold Project
Tunkillia is a blind orebody with no prior production that was discovered by Helix in 1996.
It has a current resource of 12.3 million tonnes at 1.41 grams per tonne gold.
Production of 50000 ounces per annum is targeted for 2018.
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