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Cannon Data

Cannon Information

  • General 2015-05-10
    The Bulong Gold Project is located 30 km east of the world class Kalgoorlie Goldfield in Western Australia.The presence of the Cannon resource within the project area highlights the prospectivity of an area which in recent times has been underexplored for gold and yet shows significant potential. Exploration drilling to the southwest of Cannon has continued to build Southern Gold's knowledge of the gold mineralisation and alteration throughout this area with significant results achieved in this area. This trend was originally defined by the high gold in soil values detected by Southern Gold and encompasses the Cannon Gold Resource, Arsenal, Pinner, Homerton prospects and extends to the Monument prospect. Drilling to date along the Cannon trend has provided results identifying clear high priority targets at Pinner, to focus its efforts in identifying additional near-surface gold resources to compliment the current Cannon Gold Resource, and also further work required along the Monument prospect.
  • Equipment and Infrastructure 2015-04-29
    Southern Gold's results to date, the location of nearby infrastructure and processing facilities around Kalgoorlie and higher recent gold prices, all add to the Company's enthusiasm for developing the Bulong Gold Project.
  • Exploration 2015-04-29
    The positive results from the Bulong Gold Project reinforces Southern Gold's belief that the Bulong area has been underexplored for gold and that further regional exploration programs are likely to discover additional gold mineralisation.

Nearby Locations

Nearby Location News

  • MacPhersons Resources Ltd kick-starts trial mining at Boorara Gold Project 2016-09-07

    MacPhersons Resources Ltd (ASX:MRP) has commenced trial open pit operations at the Boorara Gold Project in the Eastern Goldfields of Western Australia, as part of a feasibility study.

    The aim of the Boorara trial mining operation is to enable accurate resource, mining and milling reconciliations to be undertaken on the deposit.

    The Boorara open pit contains total resources of 3 -3.5 million tonnes grading 1.01 g/t gold, estimated to produce 86,000-91,000 ounces of gold over three years from a standalone heap leach.

    MacPhersons is currently planning to mine 30,000 tonnes by developing a trial pit to a depth of 20 metres and about 100 metres long at the Southern Stockwork deposit.

    The pit is expected to be completed by the end of September.

    The ore will be hauled 60 kilometres to the FMR Pty Ltd mill at Coolgardie. The processing of the ore will take about 10-12 days.

    MacPhersons is anticipating to produce 1700-1800 ounces of gold from the initial shipment of ore.


    Sale of Coolgardie gold assets for $10 million

    MacPhersons was in the news last week, when it announced an agreement for the sale of its Coolgardie gold assets to Primary Gold Ltd (ASX:PGO) for $10 million.

    The transaction will include $5 million in cash, to be paid over a 12-month period and $5 million comprised of 40 million Primary shares at an issue price of $0.125 per share.

    The sale is part of MacPhersons’ plan to focus on its core assets at the Boorara gold and Nimbus silver projects.

    The new funds will come in handy as the company is commencing a reverse circulation drill program shortly to test for mineralised extensions below Boorara.

     

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  • MacPhersons starts trial mining at Boorara 2016-09-07
    Trial mining at the Boorara gold mine, in Western Australia, has started, with owner MacPhersons Resources announcing plans to develop a 20 m openpit Some 30 000 t of ore would be hauled to a nearby mill, and processing was expected to take between 10 and 12 days.
  • ASX: Boorara Gold Project Stage 1 BFS Commences 2015-11-15
  • ASX: Boorara Gold Project Stage 1 BFS Commences 2015-11-15
  • ASX: Blair Nickel Mine Drilling Update 2015-05-17

Cannon News

  • Cannon performs better than expected 2016-09-06
    The Cannon gold project, in Western Australia, is delivering above expectations, with the project’s net profit guidance increasing from A$14.9-million to A$17.2-million on the back of higher-than-budgeted metallurgical recovery rates and a revised ore block model. ASX-listed Southern Gold, which holds a 50% interest in the project, reported on Tuesday that the revised base case at Cannon had resulted in an improved overall gold recovered estimate, lower operational costs on a per-ounce basis, and higher net cash generation.
  • ASX: Cannon Drilling Results 2016-07-21
  • ASX: SAU: Excellent Recovery From 3rd Processing Campaign 2016-07-04
  • ASX: RC Drilling Results at Tooting Bec 2016-06-05
  • ASX: Monument Project Drilling Results 2016-04-10

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    METALS X has revealed the name of its gold spin-off will be Westgold Resources as more details emerged of its split.ed of its split....
  • Cannon performs better than expected 2016-09-06
    The Cannon gold project, in Western Australia, is delivering above expectations, with the project’s net profit guidance increasing from A$14.9-million to A$17.2-million on the back of higher-than-budgeted metallurgical recovery rates and a revised ore block model. ASX-listed Southern Gold, which holds a 50% interest in the project, reported on Tuesday that the revised base case at Cannon had resulted in an improved overall gold recovered estimate, lower operational costs on a per-ounce basis, and higher net cash generation.
  • Cannon performs better than expected 2016-09-06
    The Cannon gold project, in Western Australia, is delivering above expectations, with the project’s net profit guidance increasing from A$14.9-million to A$17.2-million on the back of higher-than-budgeted metallurgical recovery rates and a revised ore block model. ASX-listed Southern Gold, which holds a 50% interest in the project, reported on Tuesday that the revised base case at Cannon had resulted in an improved overall gold recovered estimate, lower operational costs on a per-ounce basis, and higher net cash generation.
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