Theta Gold Mines Limited Stock Market Press Releases and Company Profile

View in Other Languages Theta Gold Mines Limited (ASX:TGM) Feasibility Study Update and High Grade Ore Sweeped from Gold Mine Theta (ASX:TGM) 研究更新和從礦掃出的高品位 Gold Mines Limited Actualización del estudio de factibilidad de Theta Gold Mines Limited (ASX:TGM) y barrido de mineral de alta ley de la mina de oro Aktualisierung der Machbarkeitsstudie von Theta Gold Mines Limited (ASX:TGM) und hochgradiges Erz aus Goldmine gefegt Atualização do estudo de viabilidade da Theta Gold Mines Limited (ASX:TGM) e minério de alto teor varrido da mina de ouro Theta Gold Mines Limited (ASX:TGM) Mise à jour de l'étude de faisabilité et minerai à haute teneur balayé de la mine d'or Theta Gold Mines Limited (ASX:TGM) 可行性研究更新和从金矿扫出的高品位矿石 Pembaruan Studi Kelayakan Theta Gold Mines Limited (ASX:TGM) dan Bijih Berkualitas Tinggi yang Disapu dari Tambang Emas Theta Gold Mines Limited (ASX:TGM) 타당성 조사 업데이트 및 Gold Mine에서 쓸어낸 고급 광석 Theta Gold Mines Limited (ASX:TGM) Обновление технико-экономического обоснования и руда с высоким содержанием золота, извлеченная из золотого рудника Theta Gold Mines Limited (ASX:TGM) อัปเดตการศึกษาความเป็นไปได้และแร่เกรดสูงที่กวาดออกจากเหมืองทองคำ Theta Gold Mines Limited(ASX:TGM)フィージビリティスタディの最新情報と、金鉱山から一掃された高品位鉱石 
Feasibility Study Update and High Grade Ore Sweeped from Gold Mine
Feasibility Study Update and High Grade Ore Sweeped from Gold Mine

Sydney, Mar 4, 2022 AEST (ABN Newswire) - Theta Gold Mines Limited (googlechartASX:TGM) (googlechart3LM:FRA) (googlechartTGMGF:OTCMKTS) is pleased to announce the progress made with its underground gold project Feasibility study, environmental approvals, and preparation for plant construction. The Beta, Frankfort, CDM, and Rietfontein mines are collectively referred to as TGME Underground Project.

Discoveries made recently, namely Beverly Hills and Desire mines, form part of the 43 historical mines under management. Both have experienced very little modern exploration.

We now know through underground plans and mine surveys, Desire is one of the larger underground mining complexes in the Goldfield with historic underground workings extending kilometers.

The Desire Mine complex is 1.5km on strike and 3.2km on dip, making this one of the largest unexplored old mines under management. The Desire Mine complex exploited the Portuguese Reef, producing approximately 170Koz Au from 563Kt, grading 9.41 g/t Au. The mine area overlaps parts of the farms Graskop 564KT, Desire 563KT (10167 MR), Ponieskrans 543KT (83 MR), and Grootfontein 562KT (341 MR).

Theta's Chairman Bill Guy commented: "The results of the grab samples taken at both Desire and Beverly Hills Mines are very encouraging as the results indicate high grades within these Mines. The Beverly Hills Mine is currently planned and scheduled as part of the Frankfort Mines life of mine.

The Desire Mine host a large flat reef system, the results of the high grade grab samples are consistent with historical mine evaluation plans. The Desire Mine will undergo further sampling and test work as part of the continuous exploration of the 43 Historical Mines under management.

The permanent onsite team will continue with sampling and exploration work. The team is on track to complete the DFS in Q2 2022. The geotechnical investigations were conducted according to plan with encouraging results. Metallurgical test work continued with bulk samples (approx. 1.5 tons per Mine) taken from , Rietfontein and CDM Mines. These samples are currently at the Laboratory.

The team has completed the final permitting scoping phase for Mining Right 83. The final scoping report will now be assessed by the Department of Mineral Resources and Energy and once approved the process will move to the Environmental Impact Assessment phase of the permitting process.

*To view the full update with tables and figures, please visit:
https://abnnewswire.net/lnk/DLSN5UUE


About Theta Gold Mines Limited

Theta GoldMines Ltd

Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF)  is a gold development company that holds a range of prospective gold assets in a world-renowned South African gold mining region.  These assets include several surface and near-surface high-grade gold projects which provide cost advantages relative to other gold producers in the region.

Theta Gold Mines core project is located next to the historical gold mining town of Pilgrim's Rest, in Mpumalanga Province, some 370km northeast of Johannesburg by road or 95km north of Nelspruit (Capital City of Mpumalanga Province).  Following small scale production from 2011-2015, the Company is currently focussing on the construction of a new gold processing plant within its approved footprint at the TGME plant, and for the processing of the Theta Open Pit oxide gold ore. Nearby surface and underground mines and prospects are expected to be further evaluated in the future.

The Company aims to build a solid production platform to over 100Kozpa based primarily around shallow, open-cut or adit-entry hard rock mining sources.  Theta Gold Mines has access to over 43 historical mines and prospect areas that can be accessed and explored, with over 6.7Moz of historical production recorded.

https://www.twitter.com/thetagoldmines abnnewswire.com 


Contact

Bill Guy, Chairman
Theta Gold Mines Limited
T: + 61 2 8046 7584
E: billg@thetagoldmines.com



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