OZ Finds New High-grade at Prominent Hill

An OZ Minerals drilling program on the eastern end of its Prominent Hill orebodies in South Australia has returned strong results, including a 68.5-m intercept grading 3.2% copper and 0.5 g/mt gold located 40 m east of previous domain interpretation and outside of the existing classified mineral resource. OZ Minerals is spending $4 million in 2016 on a diamond drill program to increase the confidence level of the mineralization by infill drilling to a vertical depth of 700 m below surface, testing its potential for future conversion to ore reserves.

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Yaramoko Gold Heading for June Production Start

Roxgold Inc. reported in early April that construction was 84% complete at its high-grade Yaramoko gold project in western Burkina Faso and that the first gold pour was scheduled for June. Plant commissioning was under way, and ore development in the underground mine was progressing well on four levels. More than 23,000 metric tons (mt) of ore had been placed on the run-of-mine pad.

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Blackham Targeting Third Quarter Startup at Matilda

Blackham Resources has begun refurbishing the Wiluna gold plant on its Matilda gold project in central Western Australia and is targeting a production startup in the third quarter of 2016. The plant has been on care and maintenance since mid-2013. Blackham acquired it in March 2014. Blackham’s plan is to optimize existing plant components and upgrade the free-milling oxide carbon-in-pulp circuit to process current resources.

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