- Classic Minerals (CLZ) receives clearance to mine bulk ore samples from its wholly owned flagship Kat Gap Gold Project in Western Australia
- The explorer plans to mine 3000 to 5000 tonnes of ore between four and six grams per tonne gold after receiving approval from the Department of Mines, Industry Regulation and Safety
- Bulk sampling is hoped to provide CLZ with geological, engineering, and metallurgical data prior to full-scale mining and production
- The process will also allow Classic to test its recently commissioned gold processing plant in Perth
- Classic Minerals shares were up 50 per cent and trading at 0.2 cents
Classic Minerals (CLZ) has been cleared to mine bulk ore samples from its wholly owned flagship Kat Gap Gold Project in Western Australia.
The explorer said it plans to mine 3000 to 5000 tonnes of ore between four and six grams per tonne gold for between 350 and 1000 contained ounces of gold, after receiving clearance from the Department of Mines, Industry Regulation and Safety.
Bulk sampling is hoped to provide CLZ with geological, engineering, and metallurgical data prior to full-scale mining and production, including the opportunity to test its recently commissioned gold processing Gekko plant.
According to Classic, a trial pit is also set to give geological and engineering teams the ability to measure structural data firsthand from the walls and floor of the test pit.
Additionally, the company hopes the trial will “shed light” on additional lodes that could be targeted for increases to resource inventory.
Broadly, CLZ affirms the trial pit will further de-risk the project and give the company and its investors increased confidence in executing the greater mining operation.
Classic Minerals shares were up 50 per cent and trading at 0.2 cents at 10:39 am AEST.