Gold Mine DOING BUSINESS

$2.0M
    Added
    May 16, 2017
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    DESCRIPTION

    Potential for near-term start-up of mining operations with mining leases already granted

    Granted Mining Leases ML3333 and ML3434
    Exploration Permit EPM 25731

    Location / Infrastructure:

    * North Queensland location, 7 hours drive from Townsville or Cairns
    * 120km south of closest bitumen airstrip (Forsayth)
    * Regional proximity to high grade gold mineralisation at Agate Creek

    Opportunity:

    – Potential for near-term start-up of mining operations with mining leases already granted
    – High grade gold mineralisation exhibited
    – Regional processing opportunities
    – Additional ground pegged around mining leases for future exploration upside

    Historical Mining:

    * Historical mining at ML3333 from 1922-36 (stopped by water inundation)
    * Historical workings on 3 lodes
    * Official production recorded of 1,033oz from 1,270t of ore (>25g/t gold grade)
    * Mining commenced from surface to a depth of 27m
    * Modern mining techniques would assist in facilitating greater recovery of gold

    Gold Outlook:

    – Outlook for Australian gold is very positive due to global economic uncertainty and weakening AUD
    – Early mining start-up can capitalise on buoyant gold price.

    Seller’s Price: $2.0m, will consider the trade of commercial income producing property, Gold Coast; Brisbane or Sunshine Coast to 50% of the Seller’s asking price.

    Overview

    For Sale
    Price: $2.0m, will consider the trade of commercial income producing property, Gold Coast; Brisbane or Sunshine Coast to 50% of the Seller’s asking price.

    Inspections
    By appointment

    FEATURES

    Address:10 Creek Street Brisbane Australia (Head Office) Call:+61 404 379 645

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