Silver Lake Resources (ASX: SLR) is closing in on the company's 5 million gold ounce resource target, with the latest 17% JORC Resource boost to 3 million gold ounces.
The 17% increase is over the June 2010 inventory, with a new resource upgrade forecast for mid-2011.
The upgrades are expected to keep on coming for Silver Lake, as not all the latest drilling success has been included in this upgrade.
Mount Monger has a total resource of 1.3 million gold ounces, with Murchison 1.5 million gold ounces.
Silver Lake’s strategy is to develop large production centres at Mount Monger and Murchison, with multiple mines at each centre.
The Mount Monger Operation contains the Daisy Milano and Daisy East underground mines, along with the Costello open pit, located 50 kilometres from Kalgoorlie.
Silver Lake said Mount Monger has additional multi mine potential underpinned by emerging open pit production from Magic, Wombola Dam and Wombola Pit deposits.
Added to this is the potential for near term production sources from the Rosemary and Haoma lodes.
Gold ore from Mount Monger is transported to Silver Lake’s 600,000 tonne per year Lakewood Gold Processing Facility located, 5 kilometres from Kalgoorlie and 45 kilometres from the Daisy Milano mine.
At Murchison, ongoing exploration is focusing on extending current resources that have previously been constrained by limited drilling, particularly below 100 metres
No comments:
Post a Comment