.comment-link {margin-left:.6em;}

all things tasmanian

food - wine - wilderness - culture - art - craft - accommodation - tourism - events - attractions - politics - green things - development - economy - social - mary mania -industry - news - happenings - people - weather - nature - history - creatives - thinkers - science - innovators ... et al ... and the list goes on ... & on ... anon ... in this timeless island


Saturday, November 26, 2005

Golden prospects for Cala Resources.

Golden prospects for Cala Resources. 25/11/2005. ABC News Online

The Tasmanian company Cala Resources says it has identified substantial gold deposits in the state's north-east.

The company has announced results of its conceptual geological model today.

Cala Resources plans to spend $5 million over the next few years on a gold exploration project at Mathinna.

If all goes well, it will then spend another $10 to $20 million on building a processing plant in the region.

The executive director, Rod Holden, is confident there is a lot of gold to be found.

"We've got a conceptual model, geological model that we believe is conservative and we're looking at 10 million ounces," he said.

The company says the project has the potential to create up to 150 jobs.

It plans to begin exploration early in the new year.
Print-friendy versionPrint Send to a friendEmail


Post a Comment

Links to this post:

Create a Link

<< Home