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Bligh doubles Bundarra resource

5th September 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Bligh Resources has reported a 103% increase in the measured and indicated mineral resource at its Bundarra gold project, in Western Australia.

The project was now estimated to host some 3.9-million tonnes, at 2.2 g/t gold for 276 000 oz of gold in the measured and indicated category, and a further 3.5-million tonnes, grading 1.9 g/t gold for 213 000 oz in the inferred category.

Bligh said on Thursday that the new resource estimate incorporated estimates for the Wonder West and Celtic South deposits, which had not previously been reported.

“This significantly increased resource estimate, which was achieved at minimal costs, provides further confirmation of the development potential at Bundarra, and bolsters the mine life potential and economics of the project,” said Bligh CEO Robert Benussi.

He noted that after the encouraging results from the scoping study, which was completed in May this year, the company was well positioned to advance its objective of becoming a gold producer.

“The existing mineral resource at Bundarra offers Bligh a near-term gold production opportunity in the Eastern goldfields of Western Australia,” Benussi said.

He added that Bligh and its project partner SR Mining would continue to work towards the implementation of a structure development strategy, and would focus on progressing a maiden ore reserve statement, and a revised scoping study, based on the updated resource model.

Edited by Creamer Media Reporter

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