MGT Resources published selected highlights from a first batch of assay results based on the drilling programme carried out on its Summer Hills mining lease, part of its Mt Garnet project in Northern Queensland. The reverse circulation percussion drilling programme comprised 63 holes of some 2,800 metres with better results showing grades between 0.34% and 1.9% Sn. In a statement executive chairman and managing director Jonathan Back commented: “This is a promising start to our 2014 exploration campaign. The dual focus of the campaign is to first discover higher grade deposits to blend with our lower grade ore, and second, to increase our JORC tonnage. The results so far indicate long intercepts at a shallow depth. This is positive as shallow mining typically keeps extraction costs down.”
A second phase programme is being planned. MGT’s assets include the reconditioned and functional Mt Veteran processing plant and the company is seeking to firm up resources across a range of local prospects before committing to an expansion in capacity from 70,000 tpy to 250,000 tpy.
