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Home Mining in Africa

Theta Gold Mines Unveils 174,000 Ounces of Gold Discovered in South African Tailings

by SAT Reporter
July 30, 2024
in Mining in Africa
0
Theta Gold Mines Unveils 174,000 Ounces of Gold Discovered in South African Tailings

Theta Gold Mines (ASX:TGM) has reported a notable discovery at its TGME Mine site in South Africa, uncovering 174,000 ounces of gold through recent metallurgical test work. According to a filing with the Australian Securities Exchange (ASX) on Tuesday, this gold was recovered from tailings dams and rock dumps located on the site.

The announcement highlights a potentially valuable resource within the surface materials at TGME Mine, which may influence future extraction and processing strategies for the company. Further updates on the implications of this discovery are expected to follow.

Tags: Economic DevelopmentFinanceforeign investmentindustrialisationintra-African trademacroeconomic convergencemineral resourcesMTHULI Ncubeprimary industriespublic-private engagementSADCSADC Industrialisation WeekSADC SummitSouthern African Development CommunityValue AdditionZimbabwe
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