HIGHLIGHTS
- Mining activities at Golden Mile advancing well ahead of schedule with two open pits being developed at Comstock and Shamrock.
- More than 15,000 tonnes stockpiled to-date on Run of Mine "ROM" Pad for processing, with production exceeding forecast mining rates of 4,500t/day.
- Mineralised zones identified by blast hole sampling and in-pit grade control giving confidence in the selective mining practises being employed.
- The Lorena CIL plant offers the opportunity to consider during the due diligence period the optimisation of ore processing between Lorena and onsite in the Vats being constructed at Mt Freda.
The Company's mining plan targets have been significantly exceeded boding well for initial gold production from its 100% owned flagship Mt
Tombola Gold Managing Director,
"We are pleased to be advancing positively towards first gold production from our 100% owned
Ore Mining has commenced in
Production is well ahead of the mining plan / schedule with 188,000 total tonnes (ore and waste) moved over the past 6 weeks well ahead of the initial mining schedules with strict in pit grade control in place.
Ore zones are identified through blast hole sampling and assaying along with in-pit visual control, with ore tonnes delivered to the ROM pad to date exceeding the mining plan. In excess of 15,000 tonnes are now stockpiled on the ROM (left side stockpile below*). Potential low-grade ore visually identified in the margins of the blasthole delineated ore zones are individually stockpiled on the bench below the main ore stockpile.
The low-grade ore piles will be sampled prior to crushing to determine the feasibility of processing this material.
Tombola will continue to ramp up ore production at the
Mining production is well underway in the Comstock pit (foreground pit below) and production blasting commenced in the Shamrock pit (top right below). Production from Comstock is consistently exceeding the daily budget of 4500tpd.
*To view video, please visit:
https://www.abnnewswire.net/press/en/110762/tba
To view tables and figures, please visit:
https://abnnewswire.net/lnk/Q3TQ33H6
About
Tombola principal objective is to acquire assets to explore for and develop a large IOGC or porphyry deposit funded by low-risk gold production resources. To that end, Tombola has a license covering 970 sq km prospective for gold/copper in the Mount Bryan-Red Banks-World's End area near Burra in
Contact:
Managing Director
bmiles@tombolagold.com
Investor and Media Relations
info@janemorganmanagement.com.au
+ 61 (0) 405 555 618
Company Secretary
pamela@tombolagold.com
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