Mutiny Gold Limited - Bonanza Results from Near Term Gold Producing Deflector
22.05.2012 | ABN Newswire
Perth, Australia (ABN Newswire) - May 22, 2012 - Mutiny Gold Limited (ASX:MYG) is pleased to provide the presentation from Symposium Broken Hill regarding the Bonanza Results from Near Term Gold Producing Deflector.Company Direction
Vision
- Mutiny Gold Ltd's objective is to be a profitable, mid tier gold - copper producer with a pipeline of mine projects
Strategy
- Mutiny's immediate focus is its flagship Deflector Deposit where it is currently completing a Definitive Feasibility Study
- Mutiny expects to also enjoy strong growth from the exploration and exploitation of its vast and highly prospective Gullewa gold - copper tenements
- Mutiny has a multi mine strategy including a strategic alliance with Cobra Mining Ltd to bring its White Well Gold Deposit near Cue rapidly into production
- Positive news including resource upgrade, improved recoveries from oxide and transitional ore and the move to 100% project ownership
- Latest drill results extend mineralisation with wide, high grade, gold intersections to the north of its Deflector Deposit
Accomplishments to date:
- From a base of $3m in June 2010, we have grown to over $40m in over 18 months
- Entered into agreement to acquire Gullewa Gold Project (containing Deflector) in June 2010
- Extended knowledge of resource including drilling success
- Dramatically improved the recovery of Gold, Silver and Copper
- Completed Deflector Gold/ Copper Scoping Study showing high grade, low cost, high profit project
- Resolved all known technical issues of processing ore including completing flow sheets and engineering studies
- Completed Acquisition of Gullewa Gold Project
- Final Feasibility study for Deflector, nearing completion
To view the complete Mutiny Gold Presentation, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-MYG-590688.pdf
About Mutiny Gold Limited:
Mutiny Gold (ASX:MYG) is a diversified resource company focused on the exploration and development of its flagship Deflector gold / copper project, within the Gullewa tenements located in the South Murchison region of Western Australia.
The Company also has significant nickel tenements in Western Australia as well as iron ore potential at its Gullewa tenements.
Mutiny plans to commence production in 2012 with an open pit mining operation at the Deflector Deposit, followed by underground mining after two years.
Contact:
Mutiny Gold Limited
T: +61-8-9368-2722
F: +61-8-9367-9043
www.mutinygold.com.au
