Great Eastern Gold (GEG) and Great Divide Mining (ASX:GDM) today announced the signing of an MOU to explore toll processing services for GDM’s Yellow Jack Ore at GEG’s nearby Big Rush mine.
GEG’s Big Rush project is located 170km west of Charters Towers, Q, and boasts 1400m of high-grade gold intersections up to 190 gm per tonne. Its’ predominantly oxide ore is processed via a heap leach / carbon recovery methodology.
Yellow Jack is also a historic oxide gold mine site, open in all directions, boasting a 51,000 Oz Au Maiden JORC resource.
“This is a great step forward for GDM’s plan for Yellow Jack,” said CEO, Justin Haines. “Working with Great Eastern will allow us to explore process options at their Big Rush site significantly compressing our project timeline and thereby reducing CAPEX for development of Yellow Jack”.
“Operations, process through-put and efficiencies will all benefit for both companies by the addition of Yellow Jack’s ore.”
“Great Eastern has always been an industry innovator with its’ targeted, electric, narrow-vein style operations,” said Haines ,”Collaboration with industry colleagues to ensure most efficient asset utilisation is just very good logical thinking.”
“The environment will also be a big winner as a result of our collaboration,” said Haines, “Two significant resource projects, but utilising just the one processing site.”
“It’s Win:Win:Win,” he said.
Media Contacts:Name: John KochanskiCompany: Great Divide MiningEmail: [email protected]Phone: 0411831122Share:FacebookPinLinkedInEmailTweet
