https://www.miningweekly.com

Planet Metals hunts for new project partner

15th August 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Planet Metals was on the hunt for partners to assist in developing its Mount Cannindah copper/gold project, in Queensland.

The company recently retained 100% of the Mount Cannindah project after its farm-in partner Drummond Gold withdrew from a 2010 agreement.

Planet said on Thursday that its initial focus would now be on compiling all data, results and information gained from the A$2.3-million works programme undertaken at the site over the last three years. A review of the grade-tonnage curve would also be undertaken to assess the future strategy and work programme requirements.

The  project’s current resource stood at 5.5-million tonnes, grading 0.92% copper, 0.34 g/t gold and 14.9 g/t silver, of which some 80% was classified as measured and indicated.

Work to date has also highlighted the potential for higher gold content at the Southern Skarn regional target, some 2 km south of Mount Cannindah. A site visit would be conducted in the current quarter to confirm key findings of the review, as well as to assess the next phase of exploration at the Southern Skarn target.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes 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:0.052 1.006s - 134pq - 2rq
Subscribe Now