JOHANNESBURG (miningweekly.com) – ASX-listed Mungana Goldmines has started a sampling programme to assist in the development of its King Vol zinc project, in north Queensland.
The company reported on Thursday that the diamond core drilling, which contractor DDH1 Drilling would undertake, was designed to increase the knowledge and understanding of the key geological, metallurgical and geotechnical models of the King Vol deposit.
The programme was designed to extend the indicated resources in the upper 400 m of the deposit, while also improving confidence in the high-grade inferred resources below 400 m in depth.
Mungana said it expected the results to facilitate an updated mineral resource estimate that would underpin the feasibility study on the King Vol project. The feasibility study was scheduled to start in August and would be conducted in parallel with the project approval process, paving the way for an accelerated development timetable.
King Vol is a high-grade zinc deposit, with a combined mineral resource of 2.99-million tonnes at a grade of 11.9% zinc, 0.8% copper, 0.6% lead and 29.9 g/t silver. The resource comprises 1.05-million tonnes in the indicated category and 1.95million tonnes in the inferred category.