Our company and it's stock will be very much to enjoy. And it's not only the size of the exploration potential and
the extraordinary predictibility, where gold can be found
on the land - but also that it's such a well managed
near term producer. Really a quite achiever. Until
stock market gets to know :-)
Gold mine seen as 'good for region'
Updated December 3, 2010 10:21:00
http://www.abc.net.au/news/stories/2010/12/03/3083714.htm?site=southeastnsw
The company behind a proposed gold mine west of Batemans Bay on the New South Wales far south coast says a new study proves the entire region will benefit from the operation.
Cortona Resources says the Dargues Reef Project in the Araluen Valley will begin within months, after feasibility research confirmed its viability.
The company's Managing Director, Peter Van Der Borgh, says steps have been taken to address issues including waste disposal, chemical use, and noise.
And he says the mine presents a range of opportunities.
"We've been exploring there now for five or six years defining essentially where that alluvial gold comes from - the primary sources, Mr Van Der Borgh said.
"Over that period we've defined a robust gold deposit that the feasibility study indicates clearly is a profitable operation, and gives employment and all sorts of opportunities for the district."
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