Cortona investigation for Dargues Reef gold deposit

14 June 2008 | 04:43 Code : 17562 Geoscience events
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Australian gold exploration company Cortona Resources has commenced...

  Australian gold exploration company Cortona Resources has commenced a scoping study into the potential mining of the Dargues Reef gold deposit at its 100% owned Majors Creek project in NSW.The company has engaged Independent Metallurgical Operations Pty Ltd of West Perth to manage the metallurgical aspects of the study whilst mining consultants are being sought to manage the scoping of the mine plan. The study will investigate a range of aspects required to be addressed prior to any development. Managing Director Peter van der Borgh said “The robust nature of the resource at Dargues Reef indicates that this gold deposit has very real development potential and has driven us to commission this study”. “The immediate aim is to expand and establish the current 310,000oz gold resource. We are presently drilling the potential extensions of the resource within ~100m of surface. With the imminent arrival of a second drill rig a resource upgrade is planned during the third quarter of this year”. Cortona Resources is a Perth based gold explorer with projects in New South Wales and Western Australia hosting a resource inventory of 390,000 ounces of gold. The Company has a dynamic exploration team based in offices in Orange (NSW) and Kalgoorlie (WA).

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