Company Overview and News

A1 Consolidated Gold Ltd raising funds for gold in Victoria

A1 Consolidated Gold Ltd (ASX:AYC) is an emerging junior Victorian gold producer that is developing the A1 Gold Mine. The company’s has a fully permitted 150,000tpa gold processing facility. A1 Consolidated has today been granted a trading halt by the ASX, pending details of a capital raising. The halt will remain in place until the opening of trade on Wednesday 27th July 2016, or earlier if an announcement is made to the market.
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A1 Consolidated Gold Ltd mills high-grade gold from Victorian mine

A1 Consolidated Gold Ltd (ASX:AYC) has milled 1,558 tonnes at 24.9 g/t gold mined from the A1 Gold Mine near Woods Point, Victoria during June. The milling was done at the Porcupine Flat processing Plant near Maldon and achieved 97.8% recovery. A1’s gold sales in June were in excess of $1.4 million. The mined ore was obtained from drilling at the A1 Gold Mine as part of a resource upgrade for the Phase 1 Drill Target area.
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A1 Consolidated Gold Ltd boosts gold grade at Victorian mine

A1 Consolidated Gold Ltd (ASX:AYC) has reported a 200% higher grade resource of 9,600 ounces gold at 10.50 g/t from Phase 1 Target Area of the A1 Gold Mine near Woods Point, Victoria. The total resource at the project is 281,200 ounces. This includes the first ever measured resource of 5,000 tonnes for 2500 ounces of gold at a high grade of 15.53 g/t. A1’s drilling, assaying and modelling over the last 8 weeks is valued at over $17 million at today’s prices.
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Mantle Mining Corporation Ltd eyes restart at Morning Star gold mine

Mantle Mining Corporation Ltd (ASX:MNM) is edging closer to a re-start of mining at its newly acquired Morning Star gold mine in the gold fields of Victoria. With a scond payment of $1 million to the vendor of Morning Star gold mine, it has two more payments to complete the acquisition price for the mine in eastern Victoria. In the late 1950’s Morning Star was one of Australia’s largest gold mines having reportedly produced in excess of 800,000 ounces of gold at an average grade of 26.
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