Regis ups Rosemont resource
PERTH (miningweekly.com) - Gold miner Regis Resources has added some 655 000 oz of gold to its Rosemont gold project.
The Rosemont resource estimate now stood at 33.2-million tons, grading 1.62 g/t gold for 1.73-million ounces of gold. The upgrade has increased Regis’ total gold resource to 10.2-million ounces.
The miner also increased the reserve at the project to 12-million tons, grading 1.72 g/t gold, for 664 000 contained ounces, up 177 000 oz from the previous reserve estimate.
The upgrade has increased Regis’ total reserves to three-million ounces.
Regis said on Friday that it would shortly start the construction of a 1.5-million-ton-a-year crushing, grinding and pumping operation at the Rosemont project site. The plant would produce a crushed and milled ore product, which would be piped in a slurry back to the Garden Well processing facility, some 10 km away, for leaching.
Construction costs for the processing plant and the pipeline were expected to reach between A$40-million and A$45-million.
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