Mutiny Gold Limited Quarterly Report For The Period Ended 31 December 2011
31.01.2012 | ABN Newswire
Perth, Australia (ABN Newswire) - Jan 31, 2012 - Mutiny Gold Limited (ASX:MYG) is pleased to provide its Quarterly Activity Report for the quarter ended 31 December 2011.It is Mutiny's objective to become a significant gold producer at the Deflector Deposit, the lead project at Gullewa, Western Australia. Mutiny is currently completing a Definitive Feasibility Study on the Deflector Deposit and commenced another drilling program at Deflector in mid-December 2011.
Deflector Project Highlights:
- Deflector Deposit Resource upgrade
- Significant upgrade in metallurgical test-work
- Deflector Drilling Program Recommencement
- Feasibility Study progresses
Corporate Highlights:
- Completion of royalty and project acquisition
- Credit Suisse Project Loan
- Hedging Facility with record gold prices
- White Well mining agreement
- Annual General Meeting
DEFLECTOR DEPOSIT RESOURCE UPGRADE
Highlights
- Measured and Indicated Resources, increased by 600,000 tonnes
- 50% increase in gold ounces in Measured and Indicated resource tonnes for an extra 115,000oz
- 40% increase in Measured and Indicated resource copper tonnes for an extra 6,000t Cu metal
- Significant portion of current resource now eligible for conversion to Reserve status within ongoing Definitive Feasibility Study
To view the complete Mutiny Gold Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-MYG-575849.pdf
About Mutiny Gold Limited:
Mutiny Gold (ASX:MYG) is a diversified resource company focused on the exploration and development of its flagship Deflector gold / copper project, within the Gullewa tenements located in the South Murchison region of Western Australia.
The Company also has significant nickel tenements in Western Australia as well as iron ore potential at its Gullewa tenements.
Mutiny plans to commence production in 2012 with an open pit mining operation at the Deflector Deposit, followed by underground mining after two years.
Contact:
John Greeve, Managing Director
Mutiny Gold Limited
Tel: +61-8-9368-2722
Em: mgl@mutinygold.com.au