Exploration continues surrounding Pajingo gold mine

Heemskirk Consolidated and JV partner North Queensland Metals will accelerate exploration drilling on the Moonlight prospect at the Pajingo gold mine.

Heemskirk Consolidated (40%) and Joint Venture (JV) partner North Queensland Metals (NQM – 60%) will accelerate exploration drilling on the Moonlight prospect at the Pajingo gold mine near Charters Towers following receipt of assays from deep hole drilling.

Drilling on a number of defined targets will be prioritised and six new deep holes will be drilled this quarter.

According to Heemskirk managing director Kevin Robinson, Moonlight has the potential to add significant additional ounces, mine life and value to the Pajingo Mine.

“The Pajingo Mill is running at approximately 350,000 tpa and producing approximately 60,000 oz pa but could be run higher (500,000 to 800,000 tpa) subject to additional viable ore sources,” Robinson said.

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