NAG 2.78% 1.9¢ nagambie resources limited

Amazing Confidence, page-10

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    Looks like NAG has plenty to offer JB
    Nagambie Resources (ASX: NAG)

    Nagambie Resources has been in the news for plans to possibly dump up to 2 million tonnes of potentially contaminated spoil from the Melbourne Metro rail tunnel and use it to fill in two giant disused mining pits in central Victoria.
    The former gold mining pits in rural Nagambie, one of which is more than 900 metres long and 50 metres deep, have been closed for more than two decades and are full of salty water.
    The idea is to dump the potentially acidic spoil in the slightly alkaline pits, thereby safely storing the waste underwater.
    However Nagambie Mining is also a serious gold explorer, looking to discover and develop shallow, open-pit and heap leachable gold deposits.
    It controls a range of tenements in historic Victorian goldfields at Nagambie, Clonbinane, Redcastle and Rushworth.
    Nagambie Mining discovered Wandean, 9 km north west of the Nagambie Mine, which looks amenable to heap leaching and produced a stellar gold intersection of 37.8 g/t gold.
    Taken together with the Apollo deposit at Clonbinane, Nagambie’s combination of discovery expertise and extensive gold tenements make it an easy choice to add to our list of potentially re-rateable Victorian gold and copper explorers.


    https://smallcaps.com.au/western-victoria-world-class-copper-gold-mining-province/
 
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