South Africa’s top gold miner names Nel new CEO amid copper pivot
Harmony Gold appointed Beyers Nel as chief executive officer.
M3 Metals (TSXV: MT) submitted a plan of operation to the Bureau of Land Management regarding the proposed disturbance on an area of 892 acres contained within its Mohave mine gold project area in Nevada.
In a press release, the Vancouver-based miner said the plan outlines 600 proposed drill holes across three broad areas; the northern Golden Door area, the central Klondyke area, and the southern Dixie area. It also outlines a proposed bulk sample of up to 1,000 tonnes.
M3 has secured an option to acquire the mineral rights to all the historic mines falling within the Mohave project area and believes they may be related to a property-wide gold system
According to M3, the three areas are outlined by highly anomalous gold geochemistry, including historic soil samples up to 3.7 grams per tonne gold and historical rock grab samples up to 125 grams per tonne gold.
The plan is “targeting the widespread and highly anomalous gold in soil-and-rock anomalies surrounding multiple historic, past-producing, underground gold mines,” the media brief states.
“The Dixie Mines were thought to be discovered in 1894 and were active through the early 1900s as underground operations. Surface geochemistry surrounding the historic mines suggests that the gold mineralization occurs within a wide-spread near-surface gold system that may be amenable to heap-leach style operations.”
The Klondyke area and the Golden Door area also include multiple past-producing gold mines, such as the historic underground Klondyke mine, Golden Door mine and Jim & Jerry mine.
