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- Classic Minerals (CLZ) starts bulk sample mining at its Kat Cap gold project in WA, which will assist in the calibration of mining and metallurgy parameters prior to full-scale mining and production
- Due to unsafe weather conditions, operations were stopped shortly after they commenced
- The Bulk Sample will target between 5,000 and 7,000 tonnes of ore at between 4 and 6 grams per tonne of gold for between 645 and 1,100 contained ounces of gold
- The company said the main ore zone will be exposed for the first time in two weeks, with the Bulk sample pit expected to be complete by March
- Shares are trading flat today at 0.1 cents each
Classic Minerals (CLZ) has started bulk sample mining at its Kat Cap gold project in Western Australia, which will assist in the calibration of mining and metallurgy parameters prior to full-scale mining and production.
Due to unsafe weather conditions, operations were stopped shortly after they commenced.
The Bulk Sample will target between 5,000 and 7,000 tonnes of ore at between 4 and 6 grams per tonne of gold for between 645 and 1,100 contained ounces of gold.
Approvals have been obtained to excavate up to 49,000 tonnes from the bulk sample under the terms of the underlying Exploration tenure.
The company said the main ore zone will be exposed for the first time in two weeks.
Provided there are no further weather adversities, the Bulk sample pit is expected to be finished by the end of March.
Processing of the ore sample will assist in the calibration of mining and metallurgy
parameters prior to full-scale mining and production.
Chief Executive Officer Dean Goodwin said he is excited about what lies ahead.
“I’m so excited about getting those earthmoving machines back to work on the bulk sample because in the next few weeks we’ll finally get our first real look at the main ore zone,” he said.
“It’s going to be one of those eureka moments. They don’t come along very often in ones career so I can’t wait.
“It’s a proud moment for me and the rest of the team to see all that hard work that has gone into the drilling and resource work over these last few years come to fruition. It’s a very emotional time.”
Shares were trading flat today at 0.1 cents each at 10:19 am AEDT.
