Golden plans still in pipe­line

Stanthorpe Border Post - - NEWS -

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.

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