Posted on 28th May 2021 at 14:23
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Brilliant Brumby Gold and Kaolin Update
Gold mining lease application at Brandy Creek submitted
Gold and kaolin co-mining opportunity centred on Surprise expands
Exploration permit granted for adjacent White Spot area
Intergroup Mining Limited, the gold and kaolin exploration company focused on NE Queensland, Australia is pleased to provide the following drilling and licence update at its flagship Brilliant Brumby
Neil Miller, Chairman of Intergroup Limited, commented:
“The unique geology of Brilliant Brumby is bringing into sight the real possibility of mining gold at costs that are expected to be amongst the lowest in the world.
In key areas of the property, Brumby’s gold-bearing veins are encased by high-quality, near-surface kaolin.
The licences that we’ll be seeking to extract the kaolin when combined with our intended gold mining licences, will allow us to access and mine gold at scale - cost-efficiently - in addition to monetising the significant kaolin potential that exists across the multi-kilometre trend-line on the property.
We are likewise encouraged with the progress to date in relation to the Company’s targeted admission onto a UK public market in H2.”
The full update is available at: https://www.igmining.com/news/