Auric is set for a “very lucrative” year at the Jeffreys Find...

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Nedkelly01

595 Posts.

19/03/24

14:33

Post #: 72961439

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Auric is set for a “very lucrative” year at the Jeffreys Find gold joint venture after executing a toll milling agreement with the Greenfields Mill at Coolgardie to process a minimum of 300,000 tonnes of ore.

This is considerably more than the 175,000 tonnes extracted and toll milled from Jeffreys Find in 2023 which realised almost million in total surplus cash for the joint venture with BML Ventures Pty Ltd of Kalgoorlie.

Equipment will be mobilised to the mine site from this week with mining expected to get underway at the beginning of March and the first parcel of ore expected at the Greenfields Mill in mid-April.

Managing director Mark English said: “Last year our partners extracted 175,000 tonnes of ore from Jeffreys Find Gold Mine and we achieved a great result for the joint venture with almost million total surplus cash generated.

"With a contract to process a minimum of 300,000 tonnes in 2024 at the Greenfields Mill, it should be a very lucrative year for Auric.”

Auric’s joint venture partner BML Ventures has executed a contract with FMR Investments Pty Ltd to toll mill a minimum of 300,000 tonnes of ore at the Greenfields Mill, Coolgardie during 2024 with the project due to conclude in early 2025.

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Auric eyes second Goldfields mine after high-grade gold hits
Auric has recorded multiple high-grade intercepts from grade control drilling at its Munda gold project near Widgiemooltha in Western Australia's Goldfields region, including a 1m hit at stunning 184.6 grams per tonne gold.

The company received assays for 244 holes from a total of 351 holes for 10,895 metres completed so far at the flagship project, which included broad intercepts at a 0.5 g/t gold cut-off such as:
MGCR0401 - 16 metres at 12.54 g/t gold;
MGCR0057 - 9 metres at 21.37 g/t, including 1 metre at 184.60 g/t;
MGCR0007 - 4 metres at 20.13 g/t, including 1 metre at 77.18 g/t; and
MGCR0372 - 4 metres at 18.84 g/t, including 1 metre at 68.94 g/t.
Managing director Mark English said “It is terrific to be back drilling and concentrating on Munda.

“The drilling results to date have provided many high-grade gold intersections.
"It won’t be long before mining gets underway at what promises to be another rewarding chapter for Auric.
“Only 70% of the assay results have been received, so we don’t have a complete understanding, but we are excited with the gold results so far


1	Auric eyes second Goldfields mine after high-grade gold hits Auric has recorded multiple high-grade intercepts from grade control drilling at its Munda gold project near Widgiemooltha in Western Australia's Goldfields region, including a 1m hit at stunning 184.6 grams per tonne gold. The company received assays for 244 holes from a total of 351 holes for 10,895 metres completed so far at the flagship project, which included broad intercepts at a 0.5 g/t gold cut-off such as: MGCR0401 - 16 metres at 12.54 g/t gold; MGCR0057 - 9 metres at 21.37 g/t, including 1 metre at 184.60 g/t; MGCR0007 - 4 metres at 20.13 g/t, including 1 metre at 77.18 g/t; and MGCR0372 - 4 metres at 18.84 g/t, including 1 metre at 68.94 g/t. Managing director Mark English said “It is terrific to be back drilling and concentrating on Munda. “The drilling results to date have provided many high-grade gold intersections. "It won’t be long before mining gets underway at what promises to be another rewarding chapter for Auric. “Only 70% of the assay results have been received, so we don’t have a complete understanding, but we are excited with the gold results so far