AuStar Gold Limited (ASX:AUL) CEO Tom de Vries provides an update on the company's Morning Star Gold Project in Victoria.
AuStar Gold’s strategic vision is to become the next mid-tier Australian gold producer.
The company is focused on the acquisition and return to production of low entry cost, idle gold mines at a time of strong gold prices.
The strategy involves employing a portfolio approach, with multiple assets held in the highly significant Eastern Victorian Goldfields.
High grade drill results and visible gold at the Rose of Denmark Gold Mine.
Morning Star is an historic underground gold mine located approximately 120km east of Melbourne in Victoria in the Walhalla to Woods Point gold field.
The Walhalla to Woods Point gold field is one of the most significant in Australian history with gold production having exceeded 155 tonnes (6 million ounces). In the late 1950’s Morning Star was one of Australia’s largest gold mines having reportedly produced in excess of 800,000 ounces at an average grade of 26.5 g/t over its lifetime.
AuStar Gold acquired Morning Star Gold NL (MCO) in 2015, including the Morning Star mine and a large tenement holding with numerous other historic mines.
Listen to CEO Tom de Vries give more details on the Morning Star Project.