More details emerge as Police continue to probe a New Year’s Day shooting, meet France’s next and youngest-ever prime minister plus why The Warehouse is ruffling feathers in the egg market in the latest NZ Herald headlines.
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Santana Minerals, which is listed on the Australian stock exchange, estimates the resource contains 2.6 million ounces of gold, atan average concentration of 2.5g per tonne.
The Bendigo-Ophir project is Australian mining company Santana Mineral's core focus. Photo / Supplied
It said the find made for a simple and uncomplicated mining strategy - open pit then underground.
The company’s indicative metallurgy showed free milling gold was recoverable by gravity followed by cyanide leach, which could be expected to recover up to 90 per cent of the resource.
It said they were blessed with infrastructure, being an hour’s drive from Queenstown with major hydropower nearby, major roads in place, accessible fresh water, and a “supportive new government”.
It referred to New Zealand’s “new pro-mining government”, that provided a straightforward pathway to obtaining a mining permit.
Santana Mineral said the Bendigo-Ophir Gold Project remains its core focus, while it also has projects in Sinaloa Province, Mexico, and Cambodia.
The company said it considers the Bendigo-Ophir Project to be substantially under-explored by modern exploration techniques.
The other four projects in the area include “Come In Time,” (59koz @ 1.5 g/t Au) “Shreks,” (174koz @ 1.1 g/t Au) and “Shreks-East” (11koz @ 1.3 g/t Au).
The estimated gold content across the five deposits, including “Rise and Shine,” is 2909 thousand ounces, with an average gold concentration of 2.3g per tonne of material.
