Classic Minerals Ltd. is pleased to announce that it has entered into a binding terms sheet with Goldvalley Brown Stone Pty Ltd , pursuant to which Goldvalley, a member of the Gold Valley group of companies, will provide funding for Classic's 100% owned Kat Gap gold project . Key terms The key terms of the Terms Sheet are as follows: 1. Classic [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to announce that it has received further assay results from its extensive infill RC drilling program at its Kat Gap Gold Project in Western Australia. The Company has completed a further 14 holes for 890 metres at Kat Gap. Highlights: - The next 14 holes from a [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to announce that it has started receiving assay results from its extensive infill RC drilling program at its Kat Gap Gold Project in Western Australia. The Company completed a total of 10 holes for 555 metres at Kat Gap. Highlights: - The first 10 holes from a [...]
Classic Minerals Ltd. made good progress at Kat Gap during the quarter as it progresses to a gold producer. Highlights of the quarter include: - Classic has mined 1,011 ounces of Gold from its Bulk Sample Mining Operation. - 6,504 tonnes of Ore mined at an average grade of 4.82 g/t. - 48,970 tonnes of waste and ore extracted in total. - Advanced [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to report it has struck water in its first exploratory drillhole at its flagship Kat Gap gold project. The discovery of substantial quantities of water is another major milestone for the Company and a vital ingredient for the gold processing plant. Strategically [...]
Classic Minerals Ltd. is pleased to announce that it has entered into a mandate with Still Capital Pty Ltd for a capital raising of up to $4.0 million by way of a proposed issue of convertible notes, each with a face value of $25,000 . The Convertible Notes will be convertible into ordinary shares in the Company at any time up to 18 months after [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to report it has mined more than 1000 ounces of gold from its bulk sample mining operation at Kat Gap. The bulk sample produced 6,504 tonnes of gold bearing ore at an average grade of 4.82 g/t for a total of 1,011 ounces of contained gold. The pit was forecast to [...]
Classic Minerals Ltd. is pleased to announce that mining of the bulk sample at Kat Gap was finalised on 5th May 2022. The pit was mined within design parameters taking approximately 8 weeks to complete. The gold rich ore zone which came within 6 metres of the surface was extracted with minimal dilution and placed on a stockpiled separate from the [...]
Classic Minerals Ltd. made good progress at Kat Gap during the quarter as it progresses to a gold producer. Highlights of the quarter include: - The Company received formal approvals from DMIRS enabling it to commence mining operations. - Bulk sample mining recommenced in February with a total of 31,000t mined to date. First ore is expected to be [...]
Classic Minerals Ltd. is pleased to announce the Department of Water and Environment Regulation has given its approval to construct a well for the supply of water to be used in the processing facility. The approved area is only about a kilometre away from the facility . Dean Goodwin is extremely confident, that given his experience in this area [...]
WA-focused gold mining and exploration company Classic Minerals Ltd. presents a bulk sample mining update. The main gold bearing ore zone at Kat Gap has finally seen the light of day as it was broken into for the first time in a shallow test hole in the floor of the bulk sampling pit. The shallow hole was dug to ascertain the overall thickness of [...]
WA-focused gold exploration and development company Classic Minerals Ltd. announces a major milestone on its path to gold production. Classic was granted the Mining Lease on 22nd April 2021. The management lodged its Mining Proposal with the Department of Mines, Industry Regulation and Safety on the 30th of April 2021. This application has now been [...]
