More discoveries on the way

摘要

BASS METALS LTD has taken another step towards becoming a dedicated mineral discovery company with the completion of the processing trial and a start to full blown mining at its Que River open cut project in western Tasmania imminent. Over the next 18 months, the West Perth-base junior resources house is looking to mill 118,000 tonnes of ore grading 0.7 percent copper, 3.9 percent lead, 8.3 percent zinc, 96 grams/t silver and 2.1 g/t gold during what will be stage one of a potential three to five year operation. The first phase of work - which will cost around 1 million dollars to establish and has been funded by a recent 4.7 million dollars oversubscribed renounceable rights issue - is set to target ore in the PQ South lens mineralisation (down to a depth of 60 metres) and its S-lens (40m) using strip ratios of 44:1 and 7.6:1 respectively.