AuStar Gold Limited (ASX: AUL) (‘AuStar Gold’ or ‘the Company’) provides the following operational update at its Rose of Denmark (RoD) gold mine where recent gold-bearing material has been successfully mined and processed.
Highlights:
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Stage II Exploration Program at RoD is now underway:
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Objective is to identify and compile further gold-bearing mineral inventory for sustainable economic production
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Underground percussion drill contractor mobilised and currently drilling in the adit
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Diamond drill contract awarded and contractor mobilising to site
AuStar Gold CEO, Tom de Vries said “Following the renewal of Mining License MIN5299, Austar Gold is pleased to announce that the next stage of activity at the Rose of Denmark gold mine is underway.
As stated in a previous ASX announcement (ASX:AUL 24th October 2018), developing a gold-bearing mineral inventory is the next stage at the RoD mine, whilst concurrently applying for mine water discharge permits and developing a Mine Work Plan for state government approval. This second stage will comprise percussion gold sample drilling as well as conventional diamond drilling.
From this work, and in conjunction with our gold processing and gold grade reconciliation review currently underway, we can develop lowest risk and lowest cost alternatives for developing the Rose of Denmark mine”.
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