Phoenix pours first gold at Kintore West

THE BOURSE WHISPERER: Phoenix Gold (ASX: PXG) has completed the first gold pour from the Kintore West open cut, part of the company’s Castle Hill Stage 2 project area on the Kunanalling shear zone in the heart of the Western Australian Goldfields.

 

Phoenix team with first gold bar from the Kintore West mine. Source: Company announcement

 

“It is a credit to the Phoenix team and our contract partners to have commenced mining, haulage and ore treatment from Kintore on schedule and budget,” Phoenix Gold managing director Jon Price said in the company’s announcement to the Australian Securities Exchange.

“Ore treatment at the Greenfields Mill is performing very well with higher than expected throughput rates and excellent gravity and overall gold recoveries.

“In line with our staged development plan, Kintore, which is part of Castle Hill Stage 2, is the first in a series of open cut developments that will contribute cash to the business.

“We continue to progress the joint venture with Norton Gold Fields for the development of Castle Hill Stage 1 and are on track to complete the updated heap leach feasibility study for treatment of lower grade ore mined this quarter.”

Email: info@phoenixgold.com.au

Website: www.phoenixgold.com.au