Millennium Minerals (ASX: MOY) continues to tap the vast potential of the Nullagine gold project in Western Australia, which already hosts 1.25 million gold ounces.
The latest gold discovers are located at the All Nations and Barton deposits, which bolsters the resource expansion potential - due to the intersections located immediately under the current pit design.
Most importantly is the potential outcome, which is an increase in the pit design depths ahead of planned gold production in 2012.
Highlights at All Nations include; 15 metres at 4.62 grams per tonne (g/t) gold from 41 metres, 29 metres at 2.19g/t gold from 1 metre; and 21 metres at 2.29g/t gold from 20 metres.
All Nations
All Nations already hosts 58,000 gold ounces, and is strategically located just 24 kilometres to the northeast of the proposed 1.5 Mt per annum CIL gold processing facility at Golden Eagle - allowing for relatively low cost transportation of ore.
Since the last resource at the project, another 2700 metres of reverse circulation drilling has been completed at, with the new results providing a strong impetus for additional follow up drilling, and potential resource upside.
MORE TO COME
Originally published at: http://www.proactiveinvestors.com.au/companies/news/20541/millennium-minerals-resource-boost-likely-at-125moz-nullagine-after-broad-gold-strikes-20541.html
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