Primary shares rise on nugget find
PERTH (miningweekly.com) – The share price of junior Primary Gold rose by more than 21.5% on Thursday on news of a number of gold nugget discoveries at its Mt Bundy gold project, in the Northern Territory.
The nuggets, with a total weight of more than 40 oz, were discovered by a prospector on ridge lines over the course of a month, and in an under-explored region.
“It is clear from the discovery of these nuggets, coupled with historic exploration results and Primary’s own field exploration, that the Mt Bundy project is highly prospective for gold but remains under-explored,” said Primary MD Garry Mills.
“Apart from Primary’s 2017 initial exploration programme, drilling has not occurred in areas outside of the Toms Gully deposit for more than 20 years, and the company has now instigated a systematic exploration programme to assess new potential.”
An April scoping study into the Mt Bundy project would require a capital investment of A$155-million to develop a three-million-tonne-a-year operation with a mine life of nine years.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation