GoldArc Receives MDCP Approval for Mt Stirling Development
Key points
- MDCP approval granted by DMPE for Mt Stirling and Mt Stirling Well deposits
- Final grade control assays expected within two weeks
- Mt Stirling and Mt Stirling Well deposits located near King of the Hills mill
- GoldArc and BML Ventures to plan development activities
Full summary
GoldArc Resources Limited has received approval for its Mining Development and Closure Proposal (MDCP) for the Mt Stirling and Mt Stirling Well deposits from the Department of Mines, Petroleum and Exploration (DMPE). This approval is the final regulatory step needed before development activities can commence. The project is located approximately 10km from the King of the Hills mill, placing it in an established and active part of the Eastern Goldfields. GoldArc and BML Ventures will now proceed with planning development activities at Mt Stirling. Final grade control assays are expected within the next two weeks, which will enable detailed mine planning to be completed.
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