Golden plans still in pipeline
BOLD plans to re-mine dormant areas on the Granite Belt have stagnated somewhat, with Brisbane’s Traprock Mining waiting for a favourable swing in the sector.
Field mapping has been undertaken in the Warroo area west of Stanthorpe but Traprock Mining chairman Tony Fawdon said a “flat market” had slowed their ambitions to mine for gold and copper.
“Presently at the Warroo pit we’ve done a survey which was conducted with drones,” he said.
“It was able to take about 1300 photographs and then we were able to link with the software all the past drilling ... so what we have now is a picture of the mineralisation.
“We’re now in the process of raising capital to go and list the company. We pulled the prospectus back in February. So we basically have been concentrating on mapping, waiting for a better market.”
Mr Fawdon was hopeful this could be advantageous for employment in the Granite Belt.
“Once we get up and running, yes, we will be employing people ... if we turn that into a mine then usually it takes about two to three years to get from a prospect through,” he said.
WAITING: Traprock Mining has high hopes for Warroo mine, west of Stanthorpe.