Excellent announcement and great to see they are seriously talking about mining
“Conceptual mine planning for a Nagambie underground mine already indicates that, mining only the C1 & C2 vein systems, sufficient stopes could be developed to effectively schedule stoping operations and optimise the antimony and gold grades delivered to a flotation treatment plant. Such a plant could be constructed besides the currently planned oxide-gold plant. Nagambie’s ongoing drilling program to the south west of the West Pit will be targeting the discovery of further C-vein antimony-gold vein systems.”
''The highest new gold equivalent assay of 112.2 g/t AuEq (48.3% Sb plus 19.9 g/t Au) occurred over 0.5m in NAD013 (167.6m to 168.1m).''
The 18 waste-diluted mineable intersections within the MCOG zones for the C1 and C2 vein systems to date average 15.6 g/t AuEq (5.5% Sb plus 5.1 g/t Au) and have an average potential stope width of 1.9m EHT.
NAG Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
