Mt Gibson Gold Project Pathway to Development Decision
Filed with ASX · · 4 pages · English
Summary by 6ix AI
Capricorn Metals Ltd has announced the commencement of a significant drilling program at the Mt Gibson Gold Project, aimed at resource development and estimation of an ore reserve. The program includes an extensive drilling campaign of resource infill and extensions, with a budget allocated for its completion. The company anticipates that the results will support an updated mineral resource estimate and a maiden ore reserve estimate by the end of the year. Completion of a feasibility study and a development decision for the project are also targeted for the same timeframe.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Capricorn Metals
- 110,000 Metre Drill Programme at Mt Gibson Gold Project
- Karlawinda Transitioning to Steady State Operations
- Acquisition of Mt Gibson Gold Project
- First Gold Poured at Karlawinda
- Ore Processing Commenced at Karlawinda
Later from Capricorn Metals
- Amended Appendix 5B
- Strong Results Returned From Early Drilling at Mt Gibson
- GCY: Sale of Mumbakine Well for up to $4.75M plus Royalty
- Acquisition of Mumbakine Well Project
- Record Gold Production & Net Cash Position Achieved
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