Nugent Underground

Australia

Region

South Australia
Adelaide Hills

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Nugent Gold Opportunity

Lying immediately south east of the Giant Open Pit, the upper portions of the Nugent gold-rich copper lode were previously mined in an open pit by Hillgrove. Drilling demonstrates that high-grade portions of the lode extend beneath the existing workings with drill intersections including (refer to Hillgrove’s ASX Release dated 27 September 2019);

  • 12m @ 7.9 g/t Au, 2.2% copper from 64 metres in KTDD141,
  • 9.0m @ 3.5 g/t Au, 0.06% copper from 90 metres in KTRC086, and
  • 7.0m @ 9.07 g/t Au, 1.35% copper from 37 metres in KTRC206.

Hillgrove continues to evaluate ways to maximise the value of the gold at Kanmantoo including Nugent and is investigating low cost modifications to the existing plant to significantly increase the recovery of gold from the high-grade Cu-Au orebodies (refer to Hillgrove’s ASX Release dated 11 August 2020).

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