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GBM Gold pours first gold at Victorian project
(MENAFN- ProactiveInvestors) GBM Gold (ASX:GBM) has poured first gold mined from its Victorian gold open pit near Dunolly from 2700 tonnes of ore.
The ore was processed at the A1 gold processing plant at Maldon.
A 107 ounce or 3.35 kilogram gold dore bar was produced.
The Harvest Home Deposit at its Goldsborough Corridor Gold Project is located 10 kilometres north west from Dunolly.
This program is a step in the development of a potential larger scale open pit mine development.
The company has become debt free and raised $1032800 from the sale of the Inglewood Project to add to a cash balance at 30 June of $873000.
The company is searching for mining projects in Central Victoria’s proven gold mining areas where near term gold production can beckon.
The ore was processed at the A1 gold processing plant at Maldon.
A 107 ounce or 3.35 kilogram gold dore bar was produced.
The Harvest Home Deposit at its Goldsborough Corridor Gold Project is located 10 kilometres north west from Dunolly.
This program is a step in the development of a potential larger scale open pit mine development.
The company has become debt free and raised $1032800 from the sale of the Inglewood Project to add to a cash balance at 30 June of $873000.
The company is searching for mining projects in Central Victoria’s proven gold mining areas where near term gold production can beckon.
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