A1 Consolidated Gold Ltd, a junior gold exploration company focused on developing the A1 Gold Project in the Woods Point, Victoria, has announced the commencement of gold production at the Maldon treatment plant.
The company said that it produced its first gold doré bar, weighing 146.3 oz (4.552 kilograms), from the processing of low-grade stockpiled ore at the Maldon treatment plant, and also announced that it has developed and mined its first narrow vein stope between the 2080 and 1100 levels of the Alliance South Deposit.
According to the ASX Announcement by A1 Consolidated, the inaugural gold pour follows the recently completed mill improvement program that upgraded and repaired several areas of the mill in anticipation of increased tonnage and gold production when first ore is delivered from the A1 gold mine.
“This is a major milestone for our Company. In the two months since we took management control of the Maldon Gold Operation we have implemented our mill improvement program on time and on budget, we have developed the first narrow vein stope at the Alliance South Deposit, and now we have produced our first gold bar,” said Managing Director Dennis Clark.
“With this achievement under our belt I’m looking forward to ongoing cash flow that will help fund the commencement of production mining at the A1 Gold Mine. This is our primary objective which, with our Updated Stage 1 Scoping Study projecting All in Sustaining Cost of $849/oz, will establish A1 Consolidated Gold as a profitable junior gold miner.”