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Market: ASX
Sector: General Mining
Epic: BDG
News: Latest news
Web Site: Bendigo Mining Limited
Other Articles: 20-11-200904-11-2009

Bendigo Mining Limited

Bendigo Mining Limited is an Australia-based company that operates within the gold mining industry. The Company has focused attention on exploration activities throughout the financial year and has discovered several new reefs on the Garden Gully line of mineralization, the most important being the Gill reef.
Friday, November 20, 2009

Bendigo Mining looking up with more gold mineralisation at Henty

Bendigo Mining (ASX: BDG) has continued the run of good news after CEO Rod Hansen reported further mineralisation had been discovered at Henty gold mine on the west coast of Tasmania.

A best intersection was 4.2 metres at 11.7 g/t gold, and at Kangaroo Flat a new style of reef mineralisation had been confirmed with a best result of 3.7 metres at 105 g/t gold.

Exploration under Bendigo Mining ownership only commenced in August 2009.

Investors may recall the company's prospects began to transform with the acquisition in July 2009 of the producing underground Henty gold mine in Tasmania. September gold production for Bendigo increased by 78% to 23,389 ounces in the September quarter. The Henty acquisition has effectively doubled the size of the company in terms of gold output.

Estimated production from Henty for 2009/10 was 50,000 ounces of gold.

While mine life at Henty had been increased from six to 12 months to June 2010, and the company was bullish that there could be further extensions beyond mid-2010.

Rod Hanson said current exploration at Henty (by Bendigo Mining) began only three months ago.  Two targets had been drilled for which assays have been received - these had returned ore grade intercepts with strong indications for additional ore.

"There is excellent potential for a significant discovery at Henty due to the lack of drilling outside the main ore trend, hence we are giving exploration a real push to give us the best chance of early success."

The extension to known mineralisation is currently some 30 metres long and 30-40 metres high, however further drilling was required to test for possible extensions. Further assays are pending.

In the past, Henty produced in excess of one million ounces of gold over a 13 year period.

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