Gold News

Great Basin Gold receives 15% mineral increase

Mining company Great Basin Gold has reported a 15 per cent increase in overall mineral resources at its Hollister project in Nevada.

Following further exploration and infill drilling at the site the company now estimates that the project's mineral resources will total 2.3 million ounces.

In the measured and indicated category Hollister's estimated mineral resources now stand at 1.6 million gold equivalent ounces, up 60 per cent from the previous one million.

The exploration program at Hollister is still in the early stages and will continue over the coming months. It is therefore thought that these resources could even rise further.

"With the increased size of the measured and indicated resource, the life-of-mine plan for Hollister could change, possibly extending the life of the operation considerably," said Ferdi Dippenaar, chief executive of Great Basin Gold.

Meanwhile Durango Capital has signed an agreement with Teck Cominco Limited to acquire a 100 per cent interest in the latter's Big Bulk Property in British Columbia, which could be of interest to those buying gold.

Want to Buy Gold but unsure how to do it? For dealing spreads of $3 per ounce – plus secure, professional storage in Zurich, Switzerland for just 0.12% per year – click through to BullionVault now...

BullionVault-cube-18647308-ADNFCR

See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn

 

 

Market Fundamentals