Javelin Minerals: Could this be yet another abandoned gold mining pit that had plenty more to give?
Javelin Minerals Company Geologist Harjinder Kehal on 3AW, 2GB, 4BC & 6PR Bulls N' Bears Report
Listen to ASX-listed Javelin Minerals Company Geologist Harjinder Kehal talk to Matt Birney on the Bulls N’ Bears Report about Javelin’s metallurgical testing that shows more free milling gold right next to an old open pit that was abandoned by Ramelius Resources years ago.
TO LISTEN TO THE JAVELIN MINERALS AUDIO INTERVIEW - CLICK BELOW
Javelin Minerals has four projects across multiple minerals at different locations around Australia. 2023 is set to be a telling year as it looks to get the drill bit spinning at its Goldfields and Kimberley projects in addition to its Husky rare earths, precious and battery metals project in NSW that has already kicked off. After recently increasing the modest but growing gold resource at its Coogee project near Kambalda, the company has just completed some metallurgical testing that has shown some positive signs.
RADIO INTERVIEW - TRANSCRIPT
Matt Birney - Welcome to Bulls N' Bears brought to you today by mineral explorer Javelin Minerals.
Matt Birney - ASX code: JAV. I'm Matt Birney and I'm joined now by Javelin's Company Geologist, Harjinder Kehal. Hi Harjinder.
Harjinder Kehal - Oh hi, Matt.
Matt Birney - Okay, so Javelin Minerals has four projects across multiple commodities at different locations around Australia. 2023 is set to be a telling year for the company as it looks to get the drill bits spinning at its Goldfields and Kimberley projects in addition to its Husky rare earths, precious and battery metals project in New South Wales.
Matt Birney - After recently increasing the modest but growing gold resource at its Coogee project near Kambalda, the company has just completed some metallurgical testing on that project that has shown some positive signs.
Matt Birney - Okay Harjinder, let's start with your Coogee gold-copper project near Kambalda, firstly, what's the history of that project? How did Javelin come to own it?
Harjinder Kehal - Coogee was discovered originally by Croesus Mining in the 1980s. Ramelius acquired the project and mined a small open pit at Coogee in 2013-14 and they produced about 20,000 ounces of average grade of about 4.7 grams gold, through their Burbanks plant located south of Coolgardie. Javelin were looking for an advanced exploration play in 2020 and acquired the Coogee project from Ramelius in August 2020.
Matt Birney - Okay what's the resource at Coogee now?
Harjinder Kehal - Since the acquisition of the project Javelin's completed four phases of RC drilling, about 135 holes drilled and they've delineated a gold resource of 49,000 ounces. This is about 350 per cent increase on the previous resource estimate by Ramelius.
Matt Birney - Alright so what does that orebody look like? How far below surface does it start and is it still open and if so where?
Harjinder Kehal - Javelin's drill programs have extended the Coogee gold-copper orebody over a strike length of a kilometre, with the main increase being half a kilometre north of the Coogee pit.
Harjinder Kehal - Mineralisation starts close to the surface and been drilled to 150 meters only on some of the sections so there's quite a bit of upside.
Matt Birney - And so still open at depth is that what you're saying?
Harjinder Kehal - Yeah it's still open at depth.
Matt Birney - All right so you've done some metallurgical testing at Coogee, what were you trying to determine with that testing and what did you learn?
Harjinder Kehal - Met testing was done to determine if the half-a-kilometre strike length zone north of the pit had gravity and free milling gold. Our test work has shown that gravity-recoverable and free-milling gold has been confirmed. There's an opportunity to recover gold separately to copper and vice versa and copper is unlikely to be problematic for the gold recovery.
Matt Birney - Did Ramelius ever do any metallurgical testing on it?
Harjinder Kehal - Best testing for an ore body is putting ore through an actual plant. Ramelius did just that and got 96.4 per cent off the gold.
Matt Birney - Harjinder Kehal from Javelin Minerals.
Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information not advice but you should of course seek independently.
Matt Birney - I'm Matt Birney and this is Bulls N' Bears.
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