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Wednesday, 17th October 2007 (3041 views)

Greater Bendigo Mines has announced further "significant" assay results at Maxwells mine, which is party of the company's Inglewood project.

A Level I drive at the mine has confirmed that significant gold mineralisation exists at the site and will help guide the company's further operations in the region, Greater Bendigo Mines' managing director John Cahill has said.

"These results will now focus the company's efforts on commencing the production of gold," he said, according to Australasian Investment Review.

The company has seven wholly-owned gold production ventures and two joint ventures within one hour's driving distance of Bendigo City in central Victoria, Australia.

According to Greater Bendigo Mines' website, the company has made the Inglewood project its primary focus and intends to restore a formerly operational processing plant on the site.

Gold was first discovered in the Inglewood area in 1859, sparking a gold rush one year later when high-grade gold was found in shallow sand.

 

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