Theta Gold Mines Limited (ASX:TGM) Quarterly Activities and Cashflow Report 31 March 2021
Quarterly Activities and Cashflow Report 31 March 2021Sydney, April 30, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited (
OTCMKTS:TGMGF) is pleased to report on its activities for the period from 1 January to 31 March 2021.
The company has progressed strongly during the early part of 2021, delivering key project milestones, funding, the first underground Mining Reserve (refer ASX announcement 8 April 2021) and first underground Prefeasibility Study (refer ASX announcement 13 April 2021). The team has delivered a Maiden Underground Prefeasibility Study ( PFS ) based on only 16% of Theta Gold s 4.5m oz Au underground gold resource, and incorporates only 3 out of the recorded 43 historical mines across the project area.
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Theta Gold Mines Limited (ASX:TGM) Quarterly Activities - Cashflow Report
HIGHLIGHTS
- Declare an underground Maiden Mining Reserve in Q1 2021
- PFS to focus on:
o Maximise Gold Recovery with modern gold processing
o Maximise Production Rates with modern mine planning
- Metallurgical Results provide confidence for Underground PFS
o Rietfontein - 94 % CIL Gold Recovery average from gold face samples
o Beta - 91% CIL Gold Recovery initial sample
o Vaalhoek - 91 % CIL Gold Recovery initial sample
- Environmental Authorisation for MR83 open-pits approval pending
POST QUARTER Q4 2020
- Investment in Aura, Jaggards & DigitalX-backed Bullion Asset Management
To view the quarterly report, please visit: