The drilling program using Diatreme’s crew and drilling equipme nt and managed by joint venture partner Superior Resources Limited will start in late June, with the initial phase compr ising around 35 air-core drill holes within the existing tailings dam and 25 holes to test the alluvial potential near the open-cut pit.
Diatreme’s Chief Executive Officer, Neil McIntyre, said he welcomed the start of drilling at Tick Hill, given its rich history of g old production.
"The joint venture team has a wealth of experience and we are e xcited by the potential of this project. Tick Hill adds to Diatreme’s prospective minerals portfolio, including our flagship Cyclone Zircon Proje ct, and we are focused on unlocking its value for shareholders’ benefit ."
Located 110km south-east of Mount Isa, the Tick Hill Gold Mine was mined in the 1990s by Carpentaria Gold Pty Ltd, produc ing 513,333 ounces of gold from 705,000 tonnes of ore at a recovered grade of 22.6 g/t gold before mining ceased in 1995.
