NQ Minerals PLC (AQSE:NQMI)(OTCQB:NQMLF)(OTCQB:NQMIY) has returned an average grade of 3.2 grams per tonne of gold from extensive surface stockpiles located at the Beaconsfield gold mine in Tasmania, Australia.
Excellent gold grades exist in approximately 80,000 tonnes of surveyed stockpiles in the area called the historic Wetlands area, due east of the Beaconsfield townsite.
To date, 105 samples taken from these stockpiles have returned an average gold grade of 3.2 grams per tonnes of gold.
Sampling will continue over the entire stockpile sites, to determine the full extent of the contained gold in this area.
Work is also underway for the refurbishment of Beaconsfield’s 350,000 tonne per year capacity gold processing plant.
“The revelation that significant gold exists in these stockpiles is a tremendous boost,” said NQ chairman David Lenigas in a statement.
“Our engineers are now working on budgets and timelines to bring the Plant’s CIL circuit back on-line as soon as possible to treat this material. These high-grade surface stockpiles are only a short trucking distance from the plant and will provide valuable low-cost high revenue plant feed much sooner than we originally envisaged.”