Update on the Development of the Old Pirate Gold Deposit
Perth, Mar 13, 2015 AEST (ABN Newswire) - ABM Resources NL (
ASX:ABU) ("ABM" or the "Company") is pleased to announce an update on the development of the Old Pirate High-Grade Gold Deposit.
Progress from the Old Pirate High-Grade Gold Deposit Development:
- Access (haulage) road has been upgraded.
- Camp upgrade including new accommodation and kitchen / mess installed.
- Top soil clearing of mining areas and waste rock dump areas complete.
- Waste rock mining (pre-strip) commenced.
- Ore mining commencing shortly.
- Coyote Gold Plant refurbishment underway with commissioning expected in May 2015.
Coyote Plant Refurbishment
ABM Resources is accessing the Coyote Gold Plant under agreement with Tanami Gold NL (refer announcement 07/07/2014). Como Engineering is on-site and has commenced the refurbishment work on the Coyote Plant. Refurbishment work involves cleaning of screens, upgrading of conveyor belts, work on the leach tanks as well as general maintenance. This work is going to plan and on schedule.
Resource Mining Pty Ltd (our mining contractor) has mobilised to site and site-works are well advanced. The waste rock and initial mining footprint areas have been cleared and the pre-strip mining of waste has commenced. Some surface ore has been moved and stockpiled on the newly formed ROM pad area with mining of ore expected to commence in earnest within 3 weeks.
The access road to site has been graded and upgraded. This road will be used as the haul road to the Coyote Gold Plant.
The commissioning of the Coyote Gold Plant and first ore processing is expected during May 2015
To view photographs and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ABU-712818.pdf
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
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