PERTH (miningweekly.com) – Junior Tombola Gold is expected to produce its first gold from the Golden Mile operations by late November.
The company on Tuesday told shareholders that mining at the Comstock and Shamrock pits continued ahead of schedule, with about 61 000 t of run-of-mine material having been stockpiled for haulage to the Great Australian Mine (GAM) processing plant.
“We are very pleased to see continuing progress at our mining operations which are on track for first gold production in late November, with mining advancing well ahead of schedule at both Comstock and Shamrock,” said Tombola MD Byron Miles.
“Additionally, with the definitive legal agreement signed and the recommissioning work at GAM progressing extremely well, we are looking forward to producing our first gold bar. These are exciting times for Tombola as we move from junior explorer towards producer, something we have been working hard to achieve.”
Tombola earlier this year entered into a binding term sheet with True North Copper for the re-commissioning and short-term rental of the GAM gold production plant owned by True North Copper and located in the Cloncurry region.