Friday, 28th November 2008 (273 views)

Tanami Gold has stated that its Coyote Gold underground mine project is "progressing well".

The company is working towards re-commencing open pit mining at Coyote in order to provide an additional ore feed that will supplement the high-grade underground ore.

A suitable mining contractor is being sought and work could start on open pit mining at the prospect as early as January 2009.

Initial stoping of high grade underground ore is due to commence early next month at the Coyote Gold project, while the first four ore levels are close to completion.

An initial review of the Bald Hill open pits indicated that it may be possible to re-commence mining operations at both the Kookaburra and Sandpiper pits and a detailed optimisation study is being carried out.

Tanami Gold has acquired a major ground position in the Tanami-Arunta province of Australia and commenced mining at the Coyote Gold project mine in May 2006.

 

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