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Dome Declares Maiden Resource

Dome Gold Mines, an Australian Stock Exchange-listed company has declared its Sigatoka Iron Sands project, as its maiden resource in Fiji. The project is estimated to host about 131.6-million tonnes,
12 Oct 2014 09:15
Dome Declares Maiden Resource
Sonic core logging and sampling at Sigatoka

Dome Gold Mines, an Australian Stock Exchange-listed company has declared its Sigatoka Iron Sands project, as its maiden resource in Fiji.

The project is estimated to host about 131.6-million tonnes, including an indicated resource of 25-million tonnes, grading 11.6 per cent heavy mineral sands and an inferred resource of 5.9-million tonnes, grading 11 per cent heavy minerals at the Sigatoka River deposit. There is an inferred resource of 100.7-million tonnes, grading 17 per cent heavy minerals at the Kulukulu deposit.

Dome’s new chief executive Jack McCarthy said: “It is an exciting milestone for Dome to have completed this maiden resource estimate for the Sigatoka project, having only acquired the project in recent months.”

Mr McCarthy was only appointed to the position on October 9.

“We are aiming to develop a robust magnetite dredging project that will help fuel our further growth to become a dominant player in the Fijian mining sector. Having confirmed the resources at Sigatoka, we are now moving ahead to prepare an application for a mining licence, which we anticipate submitting before the end of 2014.”

The iron sands would be dredged from the Sigatoka river bed and processed by gravity and magnetic separation to produce a saleable product ready for export.

In addition to magnetite concentrate, nonmagnetic heavy mineral concentrate and sand and gravel suitable for industrial or land reclamation uses, would also be produced during processing.

 Additional information

In recent years Mr McCarthyhas provided consulting, geological and management services to anumber of resource industry clients and until the recent merger with Dome, was a director of Magma Mines Limited overseeing work on the Sigatoka iron sand project in Fiji.

Feedback:  rachnal@fijisun.com.fj

 



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