Everest Metals is advancing towards to the delivery of a maiden resource at the Revere project. Pic: Getty Images
Everest Metals begins gold processing at Revere
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- Gold processing has begun at Everest Metal’s Revere project
- It is a milestone for the 36,000-tonne bulk sampling program and a step towards delivering a maiden resource in line with its 334 000oz exploration target
- EMC plans to test known Revere reef system along its 7km know strike with advanced aircore drilling in early 2025
Special Report: Everest Metal’s team has started processing gold-mineralised material at Revere to produce a gold concentrate using the Gekko gravity processing plant.
This achievement marks a key milestone for the 36,000-tonne bulk sampling program on a 700m section of the gold-mineralised system, along a potential 7km strike length.
More than 8,000t of material has been stockpiled and is ready for further processing at Everest Metals’ (ASX:EMC) Revere asset.
With Phase 2 drilling and blasting now completed, the program will continue to delineate the extent of high-grade gold mineralisation contained within the reef structures, providing critical data to evaluate the system’s full potential.
Bulk sampling and processing activities are projected to be finalised by Q2 2025.
Low-cost, versatile processing plant
Revere sits proximal to, and along strike from Sandfire’s (ASX:SFR) DeGrussa and Monty copper-gold mines 55km southeast, as well as Meeka Metals’ (ASX:MEK) Andy Well gold mine 40km to the southwest.
The recent expansion of the company’s tenement holdings at Revere with the granting of an additional 84sq km exploration licence reflects EMC’s commitment to consolidate its footprint of this highly prospective area.
The mobilisation of the 10TPH mobile gravity Gekko processing plant to the Revere project site occurred in late October 2024.
It represents a low-cost and versatile solution, functioning as a crushing, grinding, primary-gravity-concentration gold-processing system.
Its design makes it ideally suited for handling free milling, high-grade mineralised material, with the potential to deliver sustainable and profitable gold recovery rates.
The plant deployment will capitalise on the region’s high-grade mineral endowment and leverage its proven gold recovery technology to maximise the value of this phase.
Aircore drilling planned for 2025
“Commencement of processing operations using the Gekko gravity gold-processing plant is another significant step to delivering our maiden JORC resource estimate for Revere,” EMC executive chairman and CEO Mark Caruso said.
“The planned aircore drilling early in 2025 will test areas on strike to better understand the full potential of the high-grade mineralisation within the Revere reef system.
“These efforts underscore our commitment to leveraging pragmatic systematic exploration to deliver optimised operational and financial outcomes for shareholders.’’
Forward plans
EMC plans to transition from the bulk sampling program to an advanced aircore drilling campaign.
This next phase of exploration will focus on identifying additional JORC-compliant resources, with an emphasis on near-surface gold potential that could further expand the resource base of the Revere Reef system.
This article was developed in collaboration with Everest Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
