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Tuesday, 27th June 2006 (3217 views)

Mercator Gold is currently estimating its resource at Bluebird in Western Australia after finishing drilling activities at the site.

The gold exploration company expects the close examination of mineralised zones to show a significant increase in the resource, which is currently set at around 326,000 ounces.

Reporting on its recent drilling, the firm also said that results confirmed an extension of the high-grade gold mineralisation immediately north of the Bluebird location in the gap before the Bluebird North pits.

A metallurgical test hole has been drilled at the northern end of the mineralisation and three further drill rigs are now in action.

Mercator managing director, Patrick Harford, said: "We are now ready to consider the economics of an open pit mine at Bluebird."

The company is also engaged in Diamond core drilling at the Prohibition and Vivian-Consols location.

Mr Harford said that Prohibition and Bluebird both "continue to provide encouragement" that the company will succeed in developing a "profitable mining operation".

Mercator Gold is a UK-based company with its main interests based in Western Australia.

 

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