Cusp of golden age
THE Loddon could be on the cusp of its first serious underground mining for gold in two decades.
A mining licence application and permit process are expected to start next year for the Four Eagles project at Mitiamo.
Predictions of a step towards full-scale mining by Catalyst Metals come a decade after exploration started in the area.
Catalyst last week told the ASX of visible gold in samples taken from Four Eagles.
The State Government process in assessing a mining
licence application could take a further three years.
“But within five years, I believe we will have started construction of the mine,” Catalyst’s geology manager Paul Quigley said.
Mitiamo is the most advanced of three Loddon exploration areas for the Western Australian-based Catalyst and partner Hancock Prospecting.
The Tandarra Gold Project at Dingee and 730 square kilo-
metres of land at Boort are part of the partnership’s exploration of 2100 square kilo-
metres running north-south from Bendigo.
They have just launched their busiest and most intensive exploratory drilling season yet at Mitiamo with three crews now collecting deep drill hole samples for analysis.
Catalyst’s preparation to lodge a mining licence application with the Government comes as MG Gold readies for a new exploration program around Inglewood.
And last month, Bendigo-based Shannon Earthmoving and Mining and associates began the process for prospecting licences over more than 14 hectares in the Rheola district,
The last major mining was at Tarnagulla on the Poverty Reef. The Nick O’Time shoot was mined by Reef Mining NL until the mine shut in 2000 when the gold price dropped.
Mr Quigley says Catalyst brought skill to the project with partner Hancock contributing additional vision and capital.