Gold Fields Ltd. has reported a substantial increase in the mineral resource at Hamlet, an emerging gold deposit in the Argo-Athena camp at its St. Ives gold mine in Western Australia. Exploration drilling over the past year has increased indicated and inferred mineral resources at the deposit to 6.62 million mt grading 4.86 g/mt gold, for a total of 1.03 million oz. Hamlet is the second major discovery in the developing Argo-Athena camp in the past two years.
The Hamlet deposit is located approximately 1 km to the east of the new Athena underground mine and 12 km south of the Lefroy mill. Athena and Hamlet are part of a larger mineralized system that is being actively explored by the St. Ives near-mine exploration team. The Athena infrastructure, currently under development, is positioned to provide potential underground access to the Hamlet deposit, which would enable rapid development of the project upon completion of a successful feasibility study.
(www.goldfields.co.za)
