By:Miningweekly

“Recent resource definition drilling at the M1 South main zone has intercepted high-grade mineralization including 36 m at 11.1 g/t gold and 11 m at 31.2 g/t gold,” chairperson Richard Hyde informs.

Diamond drilling continues to deliver wide zones of high-grade mineralization beneath the current ore reserves at M1S underground.

This drilling campaign beneath the current M1S ore reserve is scheduled to be completed late this year and will be incorporated into the company’s updated mineral resource estimate and ore reserves to be released in the first quarter of 2025.

“Infill drilling at M1 South beneath current ore reserves continues to intercept high-grade gold mineralization with results aligning exceptionally well with the current geological model.

“We look forward to including these strong drilling results into the upcoming mineral resource and ore reserve update and ten-year production outlook which is planned for release in [the first quarter of] 2025,” Hyde says.

He informs that the company is on track to produce 4.2-million ounces over the next decade, with yearly production set to peak at 494 000 oz of gold in 2030.

The company’s unhedged resources now stand at 12.8-million ounces.