Javelin ready to test promising gold theory in Kalgoorlie

With 750 m of mineralized strike still largely unexplored, the javelin is optimistic on the potential to rapidly grow its base of resources.

Management also outlined the plans to extract about 30,000 to 34,000 ounces recoverable of gold from the resource indicated at the southern end of the Eureka Fossa. With the prices of gold that push an incredible $ 5000 for ONCIA, the company believes that its golden ounces should prove profitable.

Production could start within 12 months with the support of the WA’s rapid track approval process for mining lease contracts.

The javelin is in negotiations with Mills nearby to treat Eureka mineral, which would offer a practical approach to generate cash flow without an important capital outlay.

Optimal optimal recent ones with pit shell, based on a gold price of $ 4000 to $ 4200 for ONCIA, underlines the feasibility of the southern portion of the project, which is part of the largest resource indicated by 62,000 ounces.

Eureka’s position adds to his appeal. It is located in the Greenstone belt Norseman-Wiluna, 20 km north-north-west of the 4-meter Golden mine of Zijin Minerario di Zijin and near the 530,000 ounces Zoroastriano depot. The project has a rich story that has produced more than 37,000 ounces since 1890 through underground and open extraction, with votes that reached 4.5 g/t in the 1980s.

The Cogee Gold-Copper project of Javelin, 100 km south near Kambalda, also remains a fundamental goal after the company has fracted a strong intercept from 5 million to 14.22 g/t gold just over a month ago.

With an undergoing system and defined objectives, the javelin is balancing exploration and development. Investors will undoubtedly be eager to see if Eureka can expand along the strike as the perforation begins in a real market of gold bulls.

Is your company listed in Asx doing something interesting? Contact: matebirney@bullsnbears.com.au