I've always had faith in this deposit due to the Antimony and have come across Mandalay Resources which has a very successful Au Sb mine at Costerfield, Vic. that exports concentrate to China.
I've been trying to figure out some comparisons
YEAR-END 2012 MINERAL RESOURCES AT COSTERFIELD, INCLUSIVE OF MINERAL RESERVES
Tonnes Au Grade Sb Grade Au Sb
Category (t) (AUg/t)(Sb%) (Au cont.oz) (Sbcont t)
MEASURED AND
INDICATED 534,000 9.4 4.0 161,000 21,100
INFERRED 610,000 7.2 3.2 140,000 19,500
Ore production was 25,865 tonnes in 2012, while grades were 9.08 grams per tonne (g/t) gold Au and 4.80% Sb,
from Mandalay Annual report and May 2013 relaese.
http://www.mandalayresources.com/site/ywd_mandalayresourcescorp/assets/pdf/mnd_2012_annual_report_final.pdf
At Dec 2012 the JORC Mineral Resource estimate for Blue Spec and Gold Spec stood at 646,000 tonnes @ 15.8g/t Au and 1.2% Sb for 328,000 oz Au and 7,900 tonnes Sb.
The current round of NWR drilling aims to improve confidence levels and grades esp of Sb.
A better comparison can be made when the new Resource model is available for Blue Shear but with the higher gold grades compared to Costerfield, the proven sales route of Au/Sb concentrate to China, NWR could be a real winner eventually.
I recommend anyone looking at NWR take a good look at the Costerfield mine.
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