Millennium makes new gold descovery

Millennium Mineral today anounces that it has discovered a new 2.25 km-long zone of mineralisation at its Nullagine Gold Project in WA’s Pilbara. Drilling results highlight the strong potential to establish open pit operations along this trend, which stretches from the All Nations North deposit in the north-east to the Hopetoun deposit to the south-west.
Millennium has had three RC drilling rigs as well as a diamond rig (where required) operating at the Project for most of 2016 to assist with delineation of new Mineral Resources. Given the success of the exploration program and its positive impact on Nullagine’s mine life. Millennium has increased the 2016 exploration budget to $13.9 million with a similar expenditure expected next year.
Millennium Chief Executive Glenn Dovaston said the discovery of significant mineralisation along the Hopetoun – Endeavour trend provided further evidence that the Company’s strategy to grow. Nullagine’s mine life was working.“This discovery is incredibly exciting,” Mr Dovaston said. “The results are strong and demonstrate the presence of mineralisation along this 2.25 km stretch. “Once we get the final assays from this program, we will devise a strategy to establish the full extent of the mineralisation and its potential to be part of the inventory and mine plan at Nullagine.”