Jindalee Resources Ltd (ASX:JRL) expects to expand its gold exploration tenure after it lodged an uncontested exploration licence next door to the 5.8-million-ounce Gruyere gold deposit in Western Australia.
Gruyere is jointly owned by Goldfields (JSE:GFI) and Gold Road Resources Ltd (ASX:GOR) and attained commercial production at the end of September 2019.
The gold operation is expected to produce 300,000 ounces of gold per annum for the next 12 years.
The licence, E38/3461, immediately abuts the mining lease that contains the Gruyere deposit.
The Dorothy Hills Shear Zone, the structure controlling the mineralisation at Gruyere, is interpreted to trend through the eastern part of E38/3461.
Jindalee plans to collate historical exploration results and initiate negotiations with the traditional owners in order to commence exploration after the licence is granted.
Work planned for McDermitt Lithium Project
Preparations are underway for work to further advance the McDermitt Lithium Project during 2020.
These work programs include additional metallurgical test work and the commencement of preliminary permitting activities.
Last month, Jindalee revealed a maiden JORC compliant resource estimate for the Oregon-based McDermitt Project.
Using a 1,750 ppm lithium cut-off the maiden resource measures 155 million tonnes grading 2,000 ppm for 1.6 million tonnes of LCE.
Jindalee is also in the process of searching for a new CEO.