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  • Mutiny Gold Managing Director-Elect Anthony James Acquires 3.4M Shares 0 comments
    Apr 8, 2014 9:45 PM

    Mutiny Gold (ASX: MYG) managing director-elect Anthony James has acquired an initial shareholding of 3.4 million shares in the company in on-market trade.

    He paid a total of $109,773.92, or an average of $0.032 each, for the shares.

    James, who has vast experience in developing and operating mines such as Avoca's Higginsville project and the Trident underground mine, will take on the role of managing director with effect from mid-June.

    Deflector gold-copper deposit

    Mutiny had late last month started drilling again at its high-grade Deflector gold-copper deposit at Gullewa in Western Australia's Mid-West Region.

    An initial 4,500 metres of reverse-circulation drilling will be conducted over the next six weeks, targeting shallow untested extensions of the Central and Contact lodes within the planned Deflector Gold-Copper open pit.

    The majority of drilling will target compelling sub-audio magnetic (NYSE:SAM) features along the un-tested Deflector signature structure.

    The current Deflector deposit has a strike length of 950 metres; the planned extensional drilling is to the SAM survey boundaries, covering an additional 950 metres of strike to the south, and 450 metres to the north.

    Deflector has an Ore Reserve of 2,344,000 tonnes at 4.9g/t gold, 0.8% copper and 5.9g/t silver for contained Reserves of 367,000 ounces of gold, 19,000 tonnes of copper and 441,000 ounces of silver.

    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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