Castlemaine Goldfields Limited (CGT) is a successful gold explorer and producer with five significant goldfields in Victoria's gold belt. CGT’s primary focus is the high-grade underground gold mine in Ballarat, which started producing gold in September 2011.

 
Castlemaine Goldfields holds significant exploration titles across five substantial goldfields in Central Victoria, giving the Company access to two of the three largest historical gold producing areas (17M oz total). CGT has 100% interest in the Ballarat, Castlemaine, Tarnagulla, Berringa Goldfields, and is farming out exploration on its 100% owned Sebastian and Raydarra project.
 
The company is hedge free, debt free and fully operational. The Company is building its gold production to an annualised rate of 50,000oz pa. Production at Ballarat will be supplemented by near mine potential and CGT’s regional Victorian targets.
 

Castlemaine Goldfields Limited (ASX:CGT)

Company Directors

Mr Drew Henry (Non Exec. Director)
Mr Gary Scanlan (Non Exec. Chairman)
Mr Matthew Gill (Managing Director, CEO)
Mr Peter McCarthy (Non Exec. Director)
Mr Peter R Lester (Non Exec Director)

Contact Information

Phone: (03) 5327 2555
Website: http://www.cgt.net.au/
Address
10 Woolshed Gully Drive, MT CLEAR, VIC, Australia, 3350

Media Releases see all media releases

Castlemaine Goldfields Ltd, Britannia Exploration Results Update & Mako Mineral Resource Increase
05 Apr,2012 10:49 AM

HIGHLIGHTS:

- The JORC Inferred Resource for the Mako Lode in the Llanberris compartment has increased by 25% to 160,000 tonnes at 9.5g/t Au (ranging between 6 and 11 g/t Au) for 47,700 ounces of gold,

- The updated Resource includes for the first time a hangingwall lode known as the Tiger Up-Dip Lode and which is now being accessed for mining, and

- Diamond drilling of the adjacent Britannia – Mako exploration target is approximately 45% complete, with five areas emerging as having resource potential.

Australian gold producer Castlemaine Goldfields Limited (ASX Code:CGT) announces an updated Mineral Resource within the Ballarat gold mine for the high grade Mako Lode currently being mined, and also positive exploration results from the Britannia compartment drilling program.

Updated Mako Resource:

An updated geological model has been completed following the addition of data from 20 diamond drill holes and with knowledge gained from underground detailed mapping of gold-bearing quartz veining and associated geological structures from three locations within the Mako resource that have now been accessed for production.


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