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Greenlighted Tombola moves on massive Mt Freda ponds

21 January 2022 10:07
ASX: TBA

Environmental approval in hand, Tombola Gold is forging ahead with constructing three gold processing ponds at the Mt Freda gold complex near Cloncurry in northeast Queensland.  

It is the company’s latest momentous milestone as it marches towards production with the imminent delivery of the off-site constructed carbon-in-column process plant simultaneously built off-site.  

Meanwhile, cyanide and caustic soda handling and mixing circuits are already in transit for a while and will work on two remarkable and re-useable 40,000-tonne leach vats continues.  

Exploration update  

TBA has recorded intriguing results of gold, cobalt, and copper at surrounding exploration as the company continued its hunt for tier-one deposits while awaiting Mt Freda’s nod of approval.  

Highlights:  

  • 5m @ 7.53 grammes per tonne of gold from 79 metres, including 1m @ 29.30 g/t Au with 5m @ 483 ppm cobalt from 79m including 1m @ 1,118 ppm Co
  • 7m @ 3.32 g/t Au from 78m with 3m @ 522 ppm Co (79-82m) incl. 1m @ 1020 ppm Co
  • 3m @ 8.4 g/t Au (170-173m) plus 3m @ 511 ppm Co (170-173m)
  • 3m @ 10.7 g/t Au (157-160 m) including 1m @ 26.10 g/t Au (158-159m) plus Cobalt 3m @ 625 ppm Co (157-160m) including 1m @ 1,130 ppm Co (158 -159m)

TBA’s Australian Stock Exchange-listed price is trading at 3c (8:02 am UTC+8 hours) 

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