New Guinea Gold discovers high grade gold at Sinivit mine

Business, Main Stories

The National

NEW Guinea Gold (NGG) Corp has found very high grade gold near surface on its Sinivit mine in East New Britain province.
The detection was in the trench of 12m were gold was found at 41.2g per tonne including an 8m interval of 64g/t of gold, according to NGG chief executive officer and chairman Bob McNeil.
He said in a statement the trenching was carried out beyond the known northeastern extent of the of the oxide gold mineralisation at the northern oxide zone.
 “It substantially increases the known gold in this section of the Sinivit mine,” he said.
 “This is a very important extension to the northern oxide zone and as it is open and covered to the north, could add a significant number of high grade gold ounces to the northern oxide pit.
 “Drill roads and further benches or trenches would be cut in the near future for RC drilling to define the extent of this extension.
“Mining on this high grade mineralisation has started and is expected to be reflected in recoveries from vats later in the fall,” Mr McNeil said.
He said mineralisation occurred on the slopes of a steep hill and was covered by 1-2m of volcanic ash.