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This fantastic news keep the faith @Bazz88. The Mt Edna mine is...

  1. 90 Posts.
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    This fantastic news keep the faith @Bazz88. The Mt Edna mine is next door and this mine has been incredible, i have included some information below. If we find any thing close the the scale of Mt Edna mine the price will fly i cannot believe this has a market cap of 8.2 mill.

    The Mt Edna has had historic underground mining between 1911 and 1948 recorded production of 570 kt at a grade of 19.3 g/t. Up to 7 high-grade quartz ‘reefs’ were mined, reaching a depth of 250m.

    The deposit has recorded production of over 1 million ounces, with over 500,000 ounces produced since 2011 under Evolution ownership. Annual production since 2011 has ranged from 66koz to 99koz.

    Did anyone notice that MoH management has taken 2 new leases both east and west of the one shared with IGO. Mt Edna Mine is an east to west running fault. This was also a very wise move made by management as these new leases are on the east and west boundary.

    Also did i mention that the Mt Edna mine has the Edna May mill. It is a 2.9 million tonne per annum (Mtpa) conventional CIL gold plant comprising of 2 stage crushing, SAG and Ball mill, gravity circuit and leach. 50% of Edna May gold is recovered via the gravity circuit. Total recovery is around 93%. This is only 22 Kms away.

    If a discovery is made at Burracoppin this stock will skyrocket.

    Good luck to all.
 
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