News & Media
Phase 2 Mining at Ulysses West Commences & Viking Drilling Recommences. Exciting times ahead for Genesis Minerals Limited.
MINING RESUMES AT ULYSSES WEST
Second phase mining campaign underway to extract remaining high-grade material at base of pit as Genesis awaits assays for recently completed RC and aircore drilling programs
Blast hole drilling and dewatering underway with mining fleet set to resume operations later in the week, using smaller equipment. Limited mining campaign (~4 weeks) designed to extract an additional ~10,000t of high-grade material (~5g/t Au) remaining at the base of the Ulysses West open pit.
All ore from the previous mining campaign (completed prior to Christmas) now processed through the Paddington mill, with final reconciliations and payments expected in the coming weeks. Final payments have been delayed due to batches UW4 and UW5 undergoing umpire analyses with overall grades above the mine claimed grades.
1,500m Reverse Circulation (RC) drill program targeting the 1.3km long Ulysses East gold anomaly now completed with assay results awaited.
6,000m wide-spaced aircore drilling designed to test a number of strike-parallel targets to the main mineralised trend and new areas at Ulysses has also been completed – assays awaited.