CTO citigold corporation limited

I'm with you PP23Red.Between us we've got ~0.01%.Surely the...

  1. 480 Posts.
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    I'm with you PP23Red.
    Between us we've got ~0.01%.

    Surely the insto 'reps' love travelling to Dubai for the long lunches and the skiing.LOL

    Here's what they said of the mine development to June 30:

    "Underground Development
    During the year a total of 3,218 metres of underground drives were completed, comprising 611 metres
    of level development in ore and 2,607 metres of capital development (decline, ventilation, stockpile
    and truck loading bays, drill bays and access crosscuts). The main access tunnel (Decline) was
    extended to the west over a kilometre in length during the year. The main access tunnel provides
    haulage in and out of the production areas including the current production areas of WS16 and WS19
    plus future potential mining areas on the western extension of the Warrior ore body.
    Capital development was undertaken on the 660, 675, 690, 705 and 720 Levels as well as 1,323 metres
    in the main access tunnel including the western extension. A Return Air Raise was completed
    extending the ventilation link that connects through to the surface, down to the 730 Level (surface is at
    960 level). An additional mobile Refuge Bay was installed near the 720 level as a safe haven for
    workers in that area of the mine in case of emergency. An ore pass and adjacent ladder-way were
    mined between the 690 and 675 Levels.
    Trial backfilling operations were undertaken to develop an effective mechanism for placing waste
    material into the mined stopes underground. As the mine progresses, it is planned to backfill as much
    of the void space as possible, to minimize the cost of hauling waste to surface and stockpiling it.
    Backfilling has the further advantage of stabilising the voids and also minimises Citigold’s surface
    environmental footprint.
    Level ore drives were mined on the 875, 775, 745 to 720 West areas. Ore was mined from stopes in the
    central area on the 840, 790, 775, 745, 730 levels."

    Another 3+ months on, surely they will be getting close to the gold. It all sounds so positive.

    Regards K
 
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