- WA- focused gold explorer Classic Minerals (CLZ) mines 1011 ounces from its bulk sample mining operating at its Kat Gap gold project
- This came from 6504 ounces of gold bearing ore, with an average grade of 4.82 grams of gold per tonne
- The ore zone was discovered within six metres of the surface, it was then mined down 15 metres, before being mined over a strike length of 50 metres, with an average width of around five metres
- Advanced metallurgical testing has begun on the ore, and geological and engineering studies have commenced which will aid in designing the final pit.
- CLZ shares last traded at 0.1 cents
Classic Minerals (CLZ) has mined over 1000 ounces of gold from its bulk sample mining operation at its Kat Gap gold project in Western Australia.
A total of 48,970 tonnes of waste and ore was dug, producing 6,504 ounces of gold bearing ore.
The average grade of gold was 4.82 grams per tonne (g/t) (with the company anticipating grades around five g/t), resulting in a final 1011 ounces of gold.
Classic says it discovered the ore zone within six metres of the surface, which was then mined down to a depth of 15 metres, before being mined over a strike length of 50 metres, with an average width of ore around five metres.
The ore was mostly quartz veining, and “biotite alteration hosted entirely in the granite.”
The company says the waste and ore have been stockpiled separately, and that top soil has been separated to be used in future rehabilitation. In addition, majority of the overburden has been moved to a “designated waste dump.”
Advanced metallurgical testing has begun on the ore, and geological and engineering studies have commenced which the company says will help to aid in design work on the final pit.
CLZ shares remain unchanged at 0.01 cents at 11am AEST.