https://www.miningweekly.com

Maiden reserve declared at Camel Creek JV

10th September 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Metals explorer Northwest Resources and its joint venture (JV) partner Millennium Minerals have declared a maiden ore reserve at the Camel Creek project, in Western Australia.

The Camel Creek JV, which is 50:50 held by the partners, was now estimated to host an ore reserve of some 1.07-million tonnes, grading 1.4 g/t gold for 48 300 oz of contained metal.

Under the JV agreement, each party was entitled to 50% of the physical gold produced from the initial four JV deposits, which would be mined and processed by Millennium through its Golden Eagle treatment plant, with the parties sharing the mining, processing and rehabilitation costs.

The ore reserve estimate was based on the 2012 mineral resource estimate for the Junction, Roscoes Reward and Little Wonder deposits, but excluded the Round Hill deposit.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.713s - 111pq - 2rq
Subscribe Now