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  • Kentor Gold Delivers Gold Resource Upgrade At Murchison Project 0 comments
    Dec 19, 2012 8:40 PM

    Kentor Gold (ASX: KGL) has upgraded the resource at its Alliance and New Alliance prospects, part of the Murchison Gold Project in Western Australia, following a recent drilling campaign.

    The total resource for the two prospects now stands at 945,500 tonnes at 2.4 grams per tonne (g/t) gold, including 564,300 tonnes at 2.35g/t gold in the higher confidence Indicated category.

    The new resource, which was estimated by Golder Associates, marks a 14% increase in the total resource, a 20% increase in gold grade and a 37% increase in contained gold ounces.

    Meanwhile, reserve estimation and permitting are nearing completion with production scheduled to begin from this area during the March quarter 2013.

    The Murchison Gold Project comprises 20 open pits and one underground mine.

    Earlier this month, Kentor hauled the first high grade ore from the NOA 2 underground mine at the project.

    The blending of the higher grade ore from underground with the ore from the open pits is now increasing the grade of the ore feed to the carbon-in-leach (NASDAQ:CIL) plant.

    Production output during November improved on October and it is expected to continue to improve and meet plan during December.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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