PSL paterson resources ltd

Are Grace and other Telfer satellite deposits now becoming economic?

  1. 30 Posts.
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    Is what we are seeing in the WA Goldfields coming into play in the Telfer region? There are lots of companies in the WA goldfields which are satellites to processing plants, and have 50,000 -100,000 Oz gold, that are now becoming well positioned to get into production on a toll-treatment - ore purchase basis due to the surge in the gold price

    https://**promotion blocked**/resources/ten-bagger-gold-is-the-new-black-as-thrifty-juniors-cash-in-on-mini-mines/

    Shaun Day, the CEO of Greatland, has mentioned in his last few presentations that the Telfer sateliite deposits owned by Greatland could be incorporated into the updated Telfer Resource due in the next few weeks. This region has been called the Southeast Hub and includes several small deposits including Big Tree, Dolphy and Backdoor West (Ironclad) about 30km SE of Telfer. The total resources of these since the last update was 4.84 mt at 1.26g/t Au for 200,000 Oz gold (Newcrest 2016). These resources will be upgraded due to the rise in gold price and are connected to Telfer by a series of tracks. I have put these deposits and tracks on a google earth image created for environmental monitoring around Telfer. Could Grace, which is only 6 km south of this SE Hub, become incorporated into it? Grace has 1.59 mt at 1.35g/t gold for 69,000 Oz gold with an exploration target of ~ 200,000 Oz gold

    Telfer Road Network to Big Tree etc.pdf


 
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