Theta Gold Mines Limited (ASX:TGM) Quarterly Activities and Cashflow Report 31 March 2021
Quarterly Activities and Cashflow Report 31 March 2021Sydney, April 30, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited (
OTCMKTS:TGMGF) is pleased to report on its activities for the period from 1 January to 31 March 2021.
The company has progressed strongly during the early part of 2021, delivering key project milestones, funding, the first underground Mining Reserve (refer ASX announcement 8 April 2021) and first underground Prefeasibility Study (refer ASX announcement 13 April 2021). The team has delivered a Maiden Underground Prefeasibility Study ( PFS ) based on only 16% of Theta Gold s 4.5m oz Au underground gold resource, and incorporates only 3 out of the recorded 43 historical mines across the project area.
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Theta Gold Mines Limited (ASX:TGM) (OTCMKTS:TGMGF) is pleased to announce its Maiden Underground Prefeasibility Study (PFS) for the Beta, Frankfort, and CDM mines, all of which form part of the Central Northern area and now collectively referred to as TGME Underground (UG) Project.
Theta Gold Mines Limited (ASX:TGM) Initial Maiden Underground Mining Reserve 419,000 oz Gold
Initial Maiden Underground Mining Reserve 419,000 oz GoldSydney, April 8, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited (
OTCMKTS:TGMGF) is pleased to announce its Maiden Underground Mining Reserve of 419,000 oz gold (2,366 Kt @ 5.49 g/t). In total, the global Mining Reserve is now 580,000 oz gold (4,530 Kt @ 3.98 g/t) (see Table 1 ). The global Mineral Resource (JORC 2012) remains over 6 Moz (45.5 Mt @ 4.17 g/t Au) (see Table 2 ).
The Maiden Underground Mining Reserve of 419koz (see Tables 3,4 & 5 ) is a result of a Prefeasibility Study for Beta, Frankfort and CDM mines. All mines are in the Central Northern area and collectively will be referred to as TGME Underground Project (see Figure 1 ). The initial study focused on the easily accessible gold in TGME underground areas for 684 Koz Underground Indicated Resources (see Appendix 1 ). The Indicated Resource converted at a
Theta Gold Mines Limited (ASX:TGM) Half Year Accounts 31 December 2020
Half Year Accounts 31 December 2020Sydney, Mar 15, 2021 AEST (ABN Newswire) - During the half year, Theta Gold Mines Limited (
OTCMKTS:TGMGF) appointed two highly experienced underground miners to head its South African management team. Mr Mitford Mundell was appointed as Chief Executive Officer - Africa and Mr Jacques du Triou as Chief Operating Officer.
Both Mr Mundell and Mr du Triou have extensive experience in the mining sector in South Africa and have worked and consulted to some of Africa s largest mining companies including Harmony Gold, De Beers Mining Corporation, Namakwa Diamonds and Anglo American.