Galane Gold has completed a new 2.2 km adit and has accessed the Galaxy ore body at its Galaxy property in South Africa.
This represents the final material step required in the Company’s plan to unlock the potential of Galaxy.
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The three key components of the Galaxy plan were the recommencement of mining at the Princeton ore body (achieved April 2019), the upgrade of the existing processing plant to 50,000 tpm (achieved December 2020) and completing the adit to the Galaxy ore body.
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The completion of the adit eliminates the historic constraint to underground production at the Mine, that being the capacity of the Woodbine shaft which was limited to 15,000 tpm.
The path is now clear to ramp up to the planned production of 43,000 oza at an operating cash cost of $749 per ounce.
Galane Gold CEO, Nick Brodie comments:
“I congratulate the team on what has been a gargantuan effort to help unlock the immense potential of Galaxy. Progressing at a maximum of three meters a blast for 2.2 km can be challenging work, but every member of the team knew what it meant for the overall success of the project and are as committed on the last day as they were on the first day.
‘It is difficult to underestimate what this means for the Galaxy project as we have now successfully removed all the material constraints to ramping up production. Galane has now completed important steps to more than double its production, and at the same time, reduce its operating costs.”
Highlights of the Galaxy Ore Body and the work done to access it:
- A measured and indicated resource of 3,000,204 tonnes at 2.64g/t for a total of 254,241 ounces
- An inferred resource of 2,383,040 tonnes at 2.83g/t for a total of 216,623 ounces
- A 2.2 km long adit from the surface measuring 5 meters high and 3.2 to 5 meters wide
- The movement of 122,641 tonnes of waste rock
- The discovery of a new mineralised zone, the Golden Comet, while mining the adit
The main Galaxy access drive has intersected the underside of the 55 degree easterly dipping Galaxy mineral zone. Initial grades on the 8 meter wide exposure (face and sidewall) are up to 3 g/t, and reflect the highly altered nature of the ore body at this point.
The drive is turning into the mineralisation and will intersect more silicified and higher levels of sulphides (with wider zones of mineralisation and higher grades).
The primary infrastructure will continue to establish the production ramp and access to the first level of stoping. Diamond cover drilling has also started to provide geological and grade control information.