Prior to the commencement of operations in 2001, a Measured Mineral Resource of 180,000 tonnes grading @ 23.6g/t [
149,954 oz]Au was reported in accordance with the 1999 JORC Code.4 Barra Resources outlined a plan to mine 176,800 tonnes at 13.4 g/t [
83,629 oz] Au (also reported in accordance with the 1999 edition of the JORC Code; however production was reported to have been
limited to 30,830oz attributed at the time to have been due to the depressed gold price of sub US$325oz and excessive dilution from utilizing fully mechanized mining activities).
Production ceased due to gold price of sub US$325oz, cash cost at closure sub US$345oz
Initially drill programs will be planned to target unmined shallow and depth extensions to the mineralisation as well as the potential for lateral extensions (Figure 2 , Figure 3 and Figure 4). The potential for these areas is outlined by the historic drill intersections of unmined areas including.
Intercepts7 below the existing resource:
• 4.9m @ 64.8 g/t Au from 62.1m (FHU045)
• 3.7m @ 22.2 g/t Au from 64.3m (FHU058)
• 4.5m @ 10.00 g/t Au from 55.8m (FHU055)
• 3m @ 9.3 g/t Au from 273.0m (BFH114)
Intercepts laterally adjacent to historical resource:
• 3m @ 77.6 g/t Au from 224.0m (BFH030)
• 1m @ 66.7g/t Au from 164.0m (BFH074)
• 1m @ 15.40 g/t Au from 255.0m (BFH115)
Intercepts above the mined workings include:
• 4m @ 26.1 g/t Au from 58.0m (un-stoped area) (BFH005)
• 2m @ 13.1 g/t Au from 27.0m (above the highest mined level) (BFH064)
• 2m @ 5.1 g/t Au from 18.0m (near surface splay) (BFH096)
• 4m @ 2.3 g/t Au from 38.0m (near surface splay) (BFH103)
