Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Northwest Resources And Millennium Minerals Notch First Gold Reserve At Camel Creek JV 0 comments
    Sep 10, 2013 2:56 AM

    Northwest Resources (ASX: NWR) and Millennium Minerals (ASX: MOY) have carved an initial ore Reserve of 48,300 ounces of gold grading 1.40 g/t Au at the 50/50 Camel Creek joint venture in north-east Western Australia.

    The project contains four shallow open pit gold deposits with a total JORC resource of 105,000 ounces of gold (2.67Mt at 1.23g/t Au).

    Ore from Camel Creek will be mined and processed by Millennium through its Golden Eagle treatment plant and with Northwest Resources will share equally the joint venture mining, processing and rehabilitation costs.

    Costs will be shared equally for mining, processing and rehabilitation costs of Camel Creek and the othre three deposits.

    Millennium is the manager of the joint venture.

    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.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.