Nagambie Resources Limited (AU:NAG) has released an update.
Nagambie Resources Limited has discovered a high-grade gold-antimony deposit beneath the West Pit of the Nagambie Mine, with an initial JORC Inferred Resource of 415,000 tonnes averaging 3.6 g/t gold and 4.3% antimony. This positions the Nagambie Mine as Australia’s highest-grade antimony deposit and among the top in the western world. The discovery, achieved through cost-effective diamond drilling, shows promise for expansion, as the mineralisation remains open along strike and at depth.
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