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.
Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF) is pleased to announce its Maiden Underground Prefeasibility Study (PFS) for the Beta, Frankfort, and CDM mines, all of which form part of the Central Northern area and now collectively referred to as TGME Underground (UG) Project.