Nagambie Resources Limited (ASX:NAG)
Nagambie Resources Limited (ASX:NAG) is a resources company focused on exploration for Fosterville-style, high-grade sulphide-gold underground deposits within 2,000 sq km of Waranga Province tenements. Exploration is being methodically carried out using geophysical targeting techniques and oriented diamond drilling.
Underwater storage of sulphidic excavation material (PASS) in the two legacy gold pits at the Nagambie Mine represents an excellent environmental fit with the construction of major infrastructure projects in Melbourne such as Metro Rail and the North East Link. The discovery and development of low-grade, open-pit, heap-leachable gold deposits is being methodically advanced. The Company has also begun exploration for high-grade, antimony-arsenic-associated, gold-in-sediments, underground gold deposits.