AUL 0.00% 28.5¢ austar gold limited

Not too sure if this has been already posted...? Gladstone...

  1. 521 Posts.
    lightbulb Created with Sketch. 11
    Not too sure if this has been already posted...?

    Gladstone Observer Jan 29 2016

    Doblo's in a Rush for Gold



    Byline: Campbell Gellie [email protected]

    Earlier mining

    1878 to 1930 - 9200t at 41grams of gold per tonne

    1997 - 4713t at 9.5grams of gold per tonne

    2004-2005 - 14,500t at 8.1grams of gold per tonne


    BOYNE Valley gold miner Charlton Doblo is gearing up to find gold in the Norton Rd mine again.

    The mine has produced more than 17,000 ounces of gold since it opened in the late 19th century but the last time it was operated was in 2006.


    Mantle Mining Corp Ltd bought the mine off Norton Gold Fields in 2013 and, after three years of exploration and red tape, the company expects to start operating in April or May.

    Mine manager Mr Doblo said he had been "flat out" for two years with amendments to the mining applications and government approvals.


    "We've spent about $1million with approvals and exploration before we've turned a sod of soil," he said.

    The latest amendment was for the mine to transport gold off the site instead of ore and dirt. …
 
watchlist Created with Sketch. Add AUL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.