PERTH (miningweekly.com) – Junior Kingston Resources has announced a 114% increase in the mineral resource estimate (MRE) at the Southern ore zone (SOZ) at its Mineral Hill gold/copper mine, in New South Wales.
The resource estimate for the SOZ now stands at 3.8-million tonnes, at 1.29 g/t gold, 19.2 g/t silver, 0.9% copper, 1.6% lead and 1.4% zinc. This is a 54% increase in the contained gold and a 64% increase in contained copper, compared with the previous resource estimates.
“This updated resource for SOZ provides insight into what’s possible at Mineral Hill in terms of maximising value. We are making rapid progress on delivering our five-year plan and this MRE is another milestone towards that outcome,” said MD Andrew Corbett.
“This work has created huge excitement about the potential of transitioning to openpit and/or underground mine production in the near term to deliver a significant impact on Australia’s critical minerals output.
“SOZ contributes significantly to our mineral resource base in terms of tonnage, grade and metal. We also have other deposits within our Mineral Hill pipeline that have significant potential to grow the company. Our strategy will be to continue adding resource updates to feed into our five-year mine plan, while exploring other undeveloped sites within our land package to ensure Mineral Hill has access to high-quality gold and copper resources now and into the future.”