NQ Minerals resource estimate confirms potential of Beaconsfield gold project

NQ Minerals PLC (LON:NQMI) has unveiled a new resource statement for the Beaconsfield gold mine in Tasmania.

Total resources rise to 1.454mln tonnes at a grade of 10.3 grams per tonnes, for 483,000 ounces gold.

There are 354,000 ounces in measured and inferred resources – 485,000 tonnes at 11.4 g/t in measured for 177,000 ounces and 492,000 tonnes at 11.2 g/t in indicated for 177,000 ounces.

READ: NQ Minerals upgrades Barnes Hill nickel resource

A further 477,000 tonnes at 8.4 g/t remains in the inferred resource category, and, the company told investors that significant additional gold potential is still to be assessed.

"Beaconsfield is a rich gold deposit with genuine scale,” said chairman David Lenigas.

“The deposit is open at depth and there is significant potential to increase these resources with further drilling."

He added: “The publishing of this new resource statement clearly demonstrates the huge underlying potential at Beaconsfield and highlightRead More – Source

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