Phoenix Gold Limited is a new Western Australian gold
company exploring and developing mines along the
prolific Zuleika and Kunanalling shear zones, northwest of
Kalgoorlie in Western Australia.
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Phoenix Gold, a Kalgoorlie-based
company, owns an extensive tenement package northwest of
Kalgoorlie in Western Australia in a region hosting some of
Australia's richest gold deposits, including the
+4Moz Kundana Gold Camp,
+1Moz Frog's Leg Deposit, 1Moz
Ghost Crab Deposit,
+1Moz Enterprise Deposit and the
4Moz Mt Pleasant field, all of which are
close to the Company's tenements.
Since acquiring the tenement package in 2010, the Company
has increased its JORC Mineral Resources by
182% from an initial 595,000 ounces of gold
to 1.68 million ounces and is aiming for
further increases towards 2.5 million by end
of 2012.
Phoenix believes this will be sufficient resources
to support an initial 3 to 5 mine plan and is aggressively
reviewing development options.
KEY ATTRIBUTES:
-
Resources grown to 1.68 million ounces gold
-
Produced first gold in November 2011
-
Pipeline of mining projects in place
-
Agreements with 3 local processing facility
-
Catherwood feasibility completed and ready for
mining in 2012
-
Targeting continuous gold production in 2012
-
Ability to self fund on-going
exploration
-
Kalgoorlie-based team delivering on strategic
goals
-
Strategic acquisitons along 14km strike of prolific
Zuleika Shear
-
Very attractive metrics on an EV/resource ounce
basis
-
Upside in Resource growth and early development of
production pipeline