Green reports that IGM’s 100%-owned Brumby Project is a major gold exploration and mining project in Northern Queensland, which lies approximately 250 km inland from the seaport of Townsville. The project seems to be growing rapidly in both scale and potential following the recent successful exploration and drilling programs. There is little doubt that the Brumby Project has a great address for gold mining as it is located in an under-explored area of the famous Charters Towers Gold Province, which hosts a number of legendary large high-grade gold mines.
In all, more than 20 million ounces (Moz) of gold has been mined in the Charters Towers Gold Province from: mines in the Charters Towers area (7.1 Moz), Pajingo-Vera Nancy (3.8 Moz) and Ravenswood (operated by Resolute Mining which has produced 4 Moz so far and is still in production), Mount Wright (also operated by Resolute Mining and closed in 2018 after mining more than 1 Moz of high-grade ore during its lifetime), Mount Leyshon (3.5 Moz), Mt Carlton (1.4 Moz) and Wirrelie (1 Moz).
The project consists of the primary Brilliant Brumby mining lease (ML 100008 - 179.6 hectares), plus four Exploration Permits for Minerals (EPM) covering in excess of 100 km² of highly prospective ground. Importantly, the project area contains a number of historical mines with exceptional gold grades which includes: Brilliant Brumby, Surprise and Brandy Creek.
[Full disclosure: I2M conducted the first comprehensive independent study of the Brilliant Brumby project area, which with additional exploration and drilling over the past 8 years, has produced additional gold discoveries: http://i2mconsultants.com/downloads/corp/BrilliantBrumbyFinal03312011ver1.3A.pdf].
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