The drill program is targeting the southern zone of the already substantial indentified mineral resource estimate (JORC) of 5,161,000 tonnes at 4.5g/t gold for 748,000 ounces and aims to expand the current underground reserve base.
Aragon holds a land position in the Central Murchison of 33,400 hectares, including the three goldfields of Big Bell, Cuddingwarra and Day Dawn.
The total estimated resource inventory within Aragon’s tenure is 14,521,000 tonnes at 4.2g/t gold containing two million ounces, the company said.
The Big Bell Mine, located at the Murchison Bell Goldfield of Central Murchison Gold Project (CMGP), has a recently defined probable mining reserve estimate of 390,000 ounces of gold.
When this is combined with the probable mining reserve estimate of 224,000 ounces at Golden Fingall, the combined initial probable mining reserve estimate for the CMGP is 614,000 ounces.
