"Northern Star Resources Limited (ASX: NST) is pleased to advise that three of the major deposits at the East Kundana Joint Venture (Northern Star 51%) near Kalgoorlie are connected at depth, forming a continuous 2km-long orebody. Joint Venture Partners, Rand Mining Ltd (ASX: RND) and Tribune Resources Ltd (ASX: TBR) own the remaining 49%, with 12.25% and 36.75% respectively.
This major development stems from the latest high-grade drilling results at the Pegasus, Rubicon and Hornet deposits on the K2 structure at Kundana.
The discovery has significant implications because it means Kundana is now poised to exceed its production forecast of between 100,000-110,000ozpa for many years."
This has been a theory at Kundana that they have been working on for a long time. It appears that now it is real. These mines will be around for a lot longer than we previously expected and more production is now also forecast. Best high grade mine in Australia. Eshmun
TBR Price at posting:
$3.90 Sentiment: Buy Disclosure: Held
