Material Acquisition of High-Grade Victorian Gold Projects and Processing Plant

Material Acquisition of High-Grade Victorian Gold Projects and Processing Plant

Kaiser Reef Limited (ASX: KAU) (Kaiser or the Company) is pleased to announce that it has entered into an agreement with Golden River Resources Pty Ltd (GRR or Golden River) pursuant to which it has conditionally agreed to acquire the following material assets in the Victorian Goldfields, collectively known as the Project:

Kaiser Reef Limited (ASX:KAU) (Kaiser or the Company) is pleased to announce that it has entered into an agreement with Golden River Resources Pty Ltd (GRR or Golden River) pursuant to which it has conditionally agreed to acquire the following material assets in the Victorian Goldfields, collectively known as the Project:

  • Four granted Mining Leases, 3 in the Bendigo Block and one at Woods Point, with proven gold endowment.
  • The Maldon Goldfield with historic production of 1,740,000 ounces of gold at an average grade of 28 g/t gold.
  • The A1 Gold Mine with historic production of 620,000 ounces of gold since 1861. The A1 Gold Mine is fully permitted and currently operating.
  • The Porcupine Flat gold processing plant (located at Maldon) which is fully permitted and currently operating at reduced capacity under administration (collectively the “Acquisition”).

If completed, the Acquisition will propel Kaiser into the highly sought after Victorian high-grade gold district. The Project has goldfields that have an exceptional production history and yet remain very poorly tested by modern exploration. The Victorian gold fields are now supporting high grade and
highly profitable operations. The Acquisition will include the Nuggetty Mine which was one of the highest-grade gold mines in Victoria, having produced 301,000 ounces at an extraordinary average grade of 184 g/t gold. A plan of the Maldon goldfield is shown in Figures 1 and 2.

Kaiser will also have immediate gold production from the fully permitted A1 Gold Mine, see Figures 3 and 4. Upon completion of the Acquisition, Kaiser will also own a fully permitted and operating gold treatment plant, see Figure 5, utilising crush, grind and CIL processing to produce gold dore on site at the Porcupine Flat gold processing plant.

Click here for the full press release.

Mobilisation for Tempus’ 2021 Gold Exploration Drilling

Tempus Resources Ltd. (“Tempus Resources” or the “Company”) (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to announce that mobilisation is underway for the 2021 Exploration Program at the Elizabeth Gold Project in southern BC, Canada

The Company has executed a contract with Full Force Diamond Drilling Ltd. for the provision of diamond-core drilling services at Elizabeth. The flexible contract provides for drilling of up to 12,000 cumulative linear metres. In support of the Program, road clearing and preparation of drilling pads has commenced, and a base line environmental sampling and cultural survey is being coordinated. The drill rigs and operators are expected to complete mobilisation to Elizabeth by late-May. Further information regarding the drilling for the Elizabeth Project 2021 Exploration Program is set out later in this announcement.

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Sentinel Commences Field Investigation of Gold and Silver Projects in New South Wales, Australia

Sentinel Resources Corp. (CSE: SNL) (US OTC PINK: SNLRF) (“Sentinel” or the “Company “) announces that all of its exploration licenses in New South Wales, Australia have now been granted. The Company has commenced contacting landholders in high priority areas in order to negotiate the access agreements required prior to conducting field visits on private property. As previously announced, the Company has identified four priority areas for initial inspection: Carrington, Hill End South, Golden Bar, and Toolom South.

Carrington – Silver Project

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OceanaGold Strengthens Board of Directors with New Additions

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) appoints Mr. Michael (Mick) James McMullen and Mr. Paul Benson as Non-Executive Directors to the Company Board of Directors (the “Board”).

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Best Gold Stocks on the ASX

Click here to read the previous best ASX gold stocks article.

2020 was a record-breaking year for gold, which surged above US$2,060 per ounce in August.

However, the yellow metal faced some downward pressure in the first quarter of 2021, falling below US$1,750 in March. The major forces acting against gold in Q1 of this year included rising US 10 year Treasury yields and the growing value of the US dollar.

However, there is still plenty of investor interest in the metal due to continued global economic uncertainty related to the COVID-19 pandemic. Supply is also a growing concern due to decreased gold exploration efforts over the last few years, especially among larger companies.

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NCM – Senior Management Announcement – Finance Director & CFO to Retire

Newcrest Mining Limited (ASX: NCM) (TSX: NCM) announces that Gerard Bond, the Company’s Finance Director and Chief Financial Officer, has decided to retire effective 3 January 2022 when he will mark 10 years in the role.

Mr Bond said, “It has been an honour and privilege to serve as the Finance Director and CFO over the past decade and be part of the transformation of the Company”.

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