HGO 1.75% 5.8¢ hillgrove resources limited

"UG access from Giant Pit to Nugent Lodes is now Permitted."  ...

  1. VYR
    819 Posts.
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    "UG access from Giant Pit to Nugent Lodes is now Permitted."   Release on 25/05/17


    If the Nugent lodes aren't lost to the PHES then there is the need to tunnel into the lode area and undertake a drilling programme to confirm whats there. That shouldn't take long to gear up for. Delivery of ore to the processing plant  would be a fair way off but should easily be achievable before the giant pit stockpiles are exhausted.

    If the lodes below the pit aren't lost then drilling below the bottom of the pit can start immediately the pit is  down to its final depth.


    If all the Giant Pit Resources are lost to the PHES then we will run out of stock piles and the plant will sit idle  because there is a long lead time in turning the other potential resources into reserves with an approved and permitted mine plan. If Plan B  is started quickly  the idle time would likely be months rather than years.

 
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