- Great Southern Mining (GSN) believes its Mon Ami Project in Western Australia is “shovel-ready” after announcing an updated mineral resource estimate
- The project’s indicated and inferred mineral resource estimate for Mon Ami of 1.56 million tonnes at 1.11 grams of gold per tonne for 55,500 ounces gold
- GSN noted the updated resource featured a reduction in ounces, but says the reduction is offset by a higher cut-off grade
- Great Southern Mining shares closed today’s session down 14.8 per cent to trade at 5.2 cents
Great Southern Mining (GSN) believes its Mon Ami Project in Western Australia is “shovel-ready” after announcing an updated mineral resource estimate.
The Mon Ami mineral resource is informed by 126 reverse circulation drill holes executed between 1991 and 2021 for a combined 15,274 metres.
The project’s indicated and inferred mineral resource estimate for Mon Ami of 1.56 million tonnes at 1.11 grams of gold per tonne for 55,500 ounces gold, with 95 per cent of the resource sitting in the indicated category and the remaining inferred.
Great Southern Mining noted that the 2021 mineral resource featured a reduction in ounces, but affirmed the reductions were offset by an increased cut-off grade and the inclusion of additional strike length.
In a broader context, GSN said the 2021 mineral resource estimate represents a significant step forward for the project and offers an increased level of geological confidence.
The ASX-lister said it plans to submit a mining proposal for primary approvals once a commercial milling solution for the project has been agreed upon.
The Mon Ami project is situated in the Kurnalpi Terrance of Western Australia’s Eastern Gold Fields 15 kilometres south of Laverton.
Great Southern Mining shares closed today’s session down 14.8 per cent to trade at 5.2 cents.