News and Announcements
Gold Anomaly Ltd : Ferguson Is-Successful Application for Gameta Gold Project
- Published February 28, 2012 12:21AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Gold Anomaly Limited (ASX: GOA) and its wholly owned PNG subsidiary company Anomaly Ltd are pleased to announce that it is the successful applicant for exploration tenement ELA 1972, subject to a favourable Warden’s hearing on new ELA 1972 (which considers the views of landowners and the local communities in relation to the Company’s proposed involvement and activities).
Given that ELA 1972 covers the same ground as EL 1070 which was cancelled in March 2011, this would result in Gold Anomaly again owning both Fergusson Island projects – Gameta (within new ELA 1972) and Wapolu (within existing EL 1025) . The Warden’s hearing has been scheduled for the 6th of March 2012. Gold Anomaly previously announced in 2010 the first resource estimate for the Gameta gold resource at Fergusson Island reported in accordance with the JORC Code and Guidelines. The study estimated an Inferred Resource of 5.1 million tonnes at 1.8 g/t for 295,000 ounces of gold at a cut off grade of 1.0 g/t gold.
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