Convergent Minerals (ASX: CVG) has completed a reappraisal of previous drilling highlights at the Blue Vein gold mine, part of the Bounty Goldfield in Western Australia, which has revealed multiple lodes of high grade gold beneath the mine.
The reappraisal has returned highlight intersections of 5 metres at 105.82 grams per tonne (g/t) gold, 2.3 metres at 45.55g/t and 17 metres at 14.92g/t.
The Blue Vein gold mine was mined by LionOre International between October 1997 and January 1999 using open cut mining methods.
During the life-of-mine, a total of 268,464 tonnes of ore, averaging 4.04g/t gold was mined to produce almost 35,000 ounces of gold from near-surface.
Nothing like having more than one income stream. imho
KDR Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
