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Big River Gold targets expanded production with extension drilling underway at Borborema
Mining
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As it moves towards significantly expanding its planned production, Big River Gold has restarted extension drilling at its highly prospective Borborema gold project.
Big River Gold’s (ASX:BRV) latest campaign has kicked off just two weeks after an independent study de-risked the supply of process water to the operation and identified a way to double planned production up to 4Mtpa.
The main aim of the drilling program is to better define the resource to assess increased production scenarios at Borborema in the mining-friendly jurisdiction of Brazil, where M&A interest in the gold sector is running hot.
The drilling is also following up on significant previously reported high grade intercepts in high grade zones within the resource. These include 50m at the high grade of 4.95 grams per tonne (g/t) of gold and 47m at 2.31g/t, including 15m at 3.61g/t, which appear to be part of a southerly plunging shoot development.
Big River has planned 13 holes over approximately 5,000m in the first stage diamond drilling program, initially targeting the high-grade, down plunge and below pit extensions to about 400m.
The experienced team at Big River is confident this current drilling will identify and extend mineralisation down dip at least 100m and across 1.2km of strike.
“It has been difficult to source a drill recently in Brazil and we are excited to finally be able to test the significant potential for additional tonnages and higher grade suggested by the company’s previous drilling,” executive chairman Andrew Richards said.
“This is of particular relevance at the current time as we investigate different mining scenarios with expanded throughput rates. This work will go directly to mine life and improving project economics.”
This article was developed in collaboration with Big River Gold, Stockhead advertisers at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
