Gold One International Ltd
(ASX:GDO) has announced a 70 per cent increase in the indicated resource at its Ventersburg prospective mine site in South Africa. Drilling at the Ventersburg site in South Africa has revealed an indicated resource of 20.42 million tonnes.
The company is currently carrying out a pre-feasibility study, with results expected in the first quarter of 2011.
CEO Neal Froneman says based on the success of the pre-feasibility study, Ventersburg will then be advanced to a full feasibility study.
Gold One International reported a net loss of $3.94 million in the six months to 30 June 2010.
