Re­sults push Egan higher

Kalgoorlie Miner - - MINE TALK - Josh Chiat

EganStreet Re­sources shares re­ceived a shot in the arm yes­ter­day af­ter an­nounc­ing drilling re­sults strik­ing up to 776g per tonne at its Roth­say gold project in the Mid West.

The hope­ful gold de­vel­oper is in the fi­nal stages of ap­provals to de­velop its 401,000oz un­der­ground mine, which last pro­duced gold 27 years ago.

EganStreet be­lieves the re­sults of the 16-hole pro­gram demon­strate the like­li­hood of out­lin­ing for south­ern ex­ten­sions to its key Wood­ley’s and Wood­ley’s East shears at the high-grade ore body.

Man­ag­ing di­rec­tor Marc Du­cler said a new re­source es­ti­mate at the $36 mil­lion gold mine, which is look­ing to fi­nance, would be com­piled soon.

In the mean­time, the com­pany will kick off a new 5000m re­verse cir­cu­la­tion drilling pro­gram be­neath the Roth­say project’s Ori­ent open pits, where drilling three decades ago re­cov­ered an in­ter­cept of 2m at 84.12g/t.

EganStreet shares closed 7.9 per cent, or 1.5¢, higher yes­ter­day at 20.5¢ each.

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