(via NewsDirect)
English said: “It looks as though the first stage mining of Jeffreys Find will produce more than 9,500 ounces.
"At this point of the campaign it’s running through the mill at almost 1.97 grams per tonne, but we have 15,000 tonnes of lower-grade ore at the end which will pull the average grade down slightly.
“Overall, it’s a tremendous result for Auric. I don’t know of any other junior miners in the last couple of years that have gone from tenement acquisition to mining and free cash in the timeframe we have.
“To date the stage one pit has delivered everything we predicted for the joint parties. Gross revenue from mining Jeffreys Find should exceed
"We expect first cash proceeds to Auric next week.”
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