Bendigo Mining announced exploration updates for the Henty project located in Tasmania, and Kangaroo Flats project located in Victoria, Australia. On the Henty gold mine the company drilled the Tyndall Zone up-dip target, and the Darwin Mid and Read targets. Highlights from the drilling include an intersect drilled on the Darwin Mid target averaging 11.7 g/t gold over 4.2 m. At the Kangaroo Flat Mine, the company drilled the Dumble reef. Highlights include an intersection of 3.7 m averging 105 g/t gold and 5.0 m averaging 10 g/t gold.
Bendigo Mining reported Mineral Resources and Ore Reserves conforms to the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC code) at its Kangaroo Flats and Henty mines in Australia. Total Indicated ans Inferred resource is estimated at 755,000 tonnes grading 7.0 g/t for 180,000 ounces of gold and total prabable reserve is estimated at 519,000 tonnes grading 6.0 g/t for 108,000 ounces of gold.
Bendigo Mining announced a profit of $8.25 million for the 2009 financial year on the back of record gold production from the
Company’s 100%-owned Kangaroo Flat Mine in Australia.
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