Everest Metals Corporation (ASX: EMC) has mobilised a Gekko Gravity Gold Processing Plant to the Revere Gold and Base Metal Project, Western Australia, following completion of site civil works and earthworks.
The company is preparing to undertake a bulk sampling programme at Revere, located 90km northeast of Meekatharra.
The project sits proximal and along strike of the DeGrussa and Monty Copper-Gold mines, 55km southeast, and the Andy Well gold mine, 40km southwest.
Everest is undertaking a 36,000-tonne bulk sampling program at Revere to enhance its understanding of the mineralised system and is focused on just 700m of a potential seven km strike length, providing exploration upside. It plans to process gold mineralised material from the bulk sampling program to produce a gold concentrate for sale.
“The bulk sampling programme continues to uncover and enhance our understanding and unlock the potential of the Revere Reef system which, through the current programme, has been tested for 700m along strike of a known seven km identified saddle reef system which is out cropping at surface and continuing at depth,” Executive Chairman and CEO, Mark Caruso, said.
Mr Caruso added that the mobilisation of the Gekko Gravity Plant allows for the commencement of processing of high grade and low grade mineralised stockpile, taking advantage of the record high gold prices and helping to monetise our development.
“This is an exciting step as we work towards our inaugural JORC MRE for the project. The recent expansion of our tenement holdings at Revere with the granting of an additional 84 sq. km exploration licence continues to consolidate our footprint of this highly prospective area and will allow us to expand our exploration efforts and test the potential of a larger scale project for future development.”
