Bulletin Resources has announced that the first pours of gold have been completed at the Nicolsons Gold Mine.
Over the past week, a total of 110 ounces of gold dore have been retrieved from the processing plant’s gravity circuit. Reconciliations show that there are approximately 350 ounces of gold in circuit. Elution of gold from carbon is expected to be undertaken over the ensuing week.
Halls Creek Mining, the JV manager has advised BNR that "the processing recoveries appear to be excellent with average feed grades from high grade ore being consistently above 5g/t, and tailings grades returning less than 0.2 g/t, returning recoveries of 96 to 98%.
Underground development is continuing on fresh rock, with ore development now underway on the second level. The decline is being advanced towards the third level and is approximately 45m from the next level access drive. The majority of remedial works reported to be required have been completed, and works to re-access the first ore level are continuing."
Bulletin acknowledges Pacific Niugini’s Managing Director, Paul Cmrlec who commented "The board is very pleased to have reached the first gold milestone approximately six months after commencing construction and processing plant refurbishment at the site. While these initial pours have produced modest gravity gold yields, the operation is well positioned to continue the ramp up to full production in accordance with the mine plan."