Source: www.abc.net.au/news
Article 1.
Big Territory mining developments on horizon
Posted Thu Nov 22, 2007 10:33am AEDT
Updated Thu Nov 22, 2007 10:57am AEDT
Coyote goes for gold
The opening came as Tanami Gold announced its Coyote project, near the Northern Territory - Western Australia border, will become profitable by June next year.
The company says gold yields have improved since it sacked its contractor BeMax Corporation as mine manager last year.
It will start drilling high grade ore at the base of its open pit mine in the next few weeks.
Tanami Gold's executive chairman Dennis Waddell says there's been a consistent increase in gold production since July.
"We've weathered the storm and the real key value of the project is the high grade underground and we're only just about to access that now. We're getting very high recoveries and high grades and we've finally got it back on track. I think the next 12 months we'll see a very strong turnaround," he said.
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Source: www.abc.net.au/news
Article 2.
Tanami Gold set to begin drilling near NT/WA border
Posted November 22, 2007 14:49:00
Tanami Gold will start drilling high grade ore at the base of its open pit mine near the Northern Territory-Western Australia border in the next few weeks.
Gold recovery last year was below expectations and led to the sacking of the company's mine manager, Bemax Corporation.
Tanami Gold's executive chairman, Dennis Waddell, says there has been a consistent increase in gold production since July.
"We're right on the verge of starting the portal in the next couple of weeks. We then develop a decline which is a tunnel which takes us down into the underground and then we can develop the development drive which then gives us access to the very high grade material which is what the project's all about," he said.
Ends.
Cheers, Pie :-)
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