logo-loader
MiningGold & silver
viewAccent Resources

Accent Resources study defines mineable resource at Norseman gold project

au_goldnugget350_50b4648659c0e.jpg

Accent Resources’ (ASX: ACS) pit optimisation study has indicated that its Norseman Gold project hosts a mineable inventory of 0.85 million tonnes at 1.62 grams per tonne (g/t) gold for a contained resource of 41,800 ounces.

This represents a significant proportion of the total Resource of 1.04Mt at 1.8g/t gold, or a contained resource of 59,500 tonnes, at the Western Australia project.

The study estimates overall cash flow after expenses of up to A$22 million by toll treatment at a suitable plant.

Further resource drilling and economic evaluation leading towards a possible pre‐feasibility study is required.

Accent added that recent resource evaluation and pit optimisation studies at Norseman have indicated good potential to deepen and add to existing resource.

Work programs to develop resources and exploration targets throughout the project area will be planned.

Over 70% to 80% of the Resource at Norseman is shallow, within 50 metres of surface.

The company will continue to assess its development or divestment / equity investment options for the Norseman project.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

Quick facts: Accent Resources

Price: 0.005 AUD

ASX:ACS
Market: ASX
Market Cap: $905 k
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Buds & Duds: Cannabis stocks get back to growing; CannTrust begins to earn...

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, moved 6.5% higher to 137.4 points. The OTCQX Cannabis Index grew 3% to 501.6 points.   Buds today were CannTrust Holdings Inc (TSE:TRST) (NYSE:CTST), Aphria Inc...

3 hours, 56 minutes ago

2 min read