www.millenniumminerals.com.au
Millennium Minerals Limited (ASX:MOY) is an emerging metals company focused on the exploration and development of a large tenement portfolio in the East Pilbara region of Western Australia. The high-quality portfolio encompasses a large gold inventory and a secondary molybdenum project.
Millennium Minerals identifies potential to expand Mineral Resource at Nullagine
Millennium Minerals (ASX: MOY) latest high grade gold hits from infill and step out reverse circulation drilling on historical holes, have the potential to add additional Mineral Resources at the Bartons and All Nations deposits.
The two deposits are located within the company's 1.25 million gold ounce Nullagine Gold Project in Western Australia.
Depth and strike extensions have been identified at the deposits, with highlights including:
Bartons:
- 8 metres at 9.0 grams per tonne (g/t) gold from 53 metres;
- 8 metres at 2.02g/t gold from 42 metres; and
- 3 metres at 12 g/t gold from 14 metres.
At Bartons, the results confirm gold mineralisation is open to the southeast, northeast and at depth.
The deposit is located around 23 kilometres from the proposed 1.5Mt per annum CIL gold processing facility adjacent to Golden Eagle.
Golden Eagle hosts up to 70% of the current gold resource at Nullagine.
All Nations:
- 12 metres at 4.95g/t gold from surface;
- 14 metres at 2.44g/t gold from 27 metres; and
- 16 metres at 1.78g/t gold from surface.
At All Nations, shallow, oxide, ore grade intercepts indicate resource expansion along strike to the north.
The deposit is located four kilometres from Bartons.
In total, 46 reverse circulation holes were completed across the two projects, with all results new received.
Earlier in the month Millennium announced the ordering of long lead items for project construction including camp, offices, buildings, workshop, stores and facilities, as well as a 4MW semi‐autogenous (SAG) mill.
These items define the critical path for the construction phase of the project and the timing of the orders will ensure the 14 month development period is achievable as planned.
