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Gold Mining

Mineral Gold Mining & Extraction License ML 100132

Alluvial Gold

Alluvial Gold” refers to the type of gold dust found in that kind of soil or sand.

Coonambula Resources Group Pty Ltd ACN: 607 591 168 (“CRG”) is a holding company for a group of companies formed to extract sand and gravel, precious minerals (“the Resource”) from a stone and mineral resource project made up of a paleo glacial till (or channel) located at “Coonambula” 2878 Cheltenham Road, Eidsvold 4627 Queensland (“the Project). This is about 25 kms east of Eidsvold in Wide Bay Burnett Region, Queensland

The project site is situated in a horticulturally developed area of  Queensland and has attributes sufficient to operate as long term stone products extraction project with associated low yield high volume mineral processing and gold recovery. Operations will extract alluvial material for processing. No hard rock and no underground mining will occur.

The Project will operate on an initial activity of approximately 7.5 sq. kms with an average depth of 10 metres to around 12 metres. The Resource is made up of various types and grades of sand, clay, stone and minerals, including rare decorative gravels. It is estimated there is over 200,000,000 cubic metres of treatable material potential of the Site area. The quantity and quality of sand and gravel present is expected to support a potential minimum 60 years to 80 years of CSG extractive operations. For minerals there is an extraction rate ranging between 0.25 gpt to 0.9 gpt targeted for anticipated gold recovery from the initial area of 728 ha. The estimate is that all up more than 220 million tonnes of mineral bearing resource will be available. 

Gold was discovered in the area of the Site in 1888. The presence of gold in the alluvial deposits of the glacial till have been identified by BRI and CRH and the records relate tothe identical sand and gravel structures worked by the then traditional mining methods until the water table was encountered. The first gold production recorded from the Hungry Hill Creek McKonkeys Creek area was in 1889.

The CRG Group has an exclusive planning permit and extraction rights to exploit the Resource and develop the Project and has establishe:-
Coonambula Sand & Gravel Pty Ltd ACN: 607 615 467 (“CSG”) to extract sand and gravel from the Site; and Coonambula Gold Pty Ltd ACN: 607 616 311 (“CG”) to extract primarily gold from the Site.

Using existing well known mining techniques in conjunction with the process, CG estimates that at a recovery rate range of between 0.25 gpt to 0.9 gpt, reasonably significant gold ounces will be recovered from the resource on a 33 plus year initial mine life assumption.

An extensive portion of the Project channel lays in an unsorted profile with uneven distribution of gravels in any sensible stratigraphical order which will be addressed in the extraction techniques to be employed by CSG. The gold process requires a feed of low micron size sand to treat for mineral. That feed is to be obtained by sand and gravel extraction techniques used by CSG quarry style operations. Accordingly, the gold extraction operation of CG is a supplement to the otherwise profitable sand and gravel operations of CSG.

The ‘gold ‘resource is substantially in a glacial till in the form of alluvial deposits. The CG project part of the Site is a tertiary glacial till deposit and the recoverable material is contained within paleo channels of alluvial sand, gravel and conglomerate Private & Confidential – sociated with gravel beds of old alluvium and minor alluvial deposits. The tertiary glacial till deposit is composed of boulder gravel beds and the sands associated with the gravel beds.

An essential feature of the symbiotic relationship in this project group is that a waste product, i.e. the fine sand as a by-product of the washing and screening process of the sand and gravel contains almost all of the mineral bearing material, and this material is available for treatment for gold.

Extraction Resource Profile:      GOLD ML 100132

An extensive portion of the Project channel lays in an unsorted profile with uneven  distribution of gravels in any sensible stratigraphical order which will be addressed in the extraction techniques to be employed by CSG. The Site is in a well settled area with attractive local conditions, good water supply, which is easily worked with the following characteristics:

  • Climate
  • Vegetation
  • Topography
  • Land use
  • Water Supply

The ore will be extracted by excavators with haulage trucks transporting product to a static production site where washing and screening for the Gold recovery destined for industrial and commercial sales will be carried out.

Call For a Investor Info:

(+61) 428-969-832

ML 100132 Gold Extraction Project

Gold Panning Samples On Site

The alluvial Gold onsite is very fine and therefore, we have taken many samples using gold pans for testing purposes.

ML100132 Mining License

The company operates Gold Mining License ML100132 on property in the North Burnett Shire Queensland, Australia

Building & Construction

We are in the process or preparing a JORC Comparison Report on pass through sampling on our Mining Licensed site.

F.A.Q’s

We have prepared a number of Questions anmd Answers frequently asked by our Customers and other we work with in relation to our Mining License and work to date.

Are we licensed to mine Gold?

Yes! we are the holders of Mining License ML 100132 issued to our company by the Mining Department in Queesland.

Do we have a Gold Mine?

Yes! our Mining License stipluates and sets out an area that we have applied for in the ML 100132 mining application and upgrade from EPM.

How will be extract Gold from our licensed Tenement/s?

We have been preparing to resumegold mining activities in the first quarter 2022 after a two years halt from activity because of Covid 19. We have heavy earth moving equipment, drill rigs and gold exraction equipment.

Where will we sell the Gold we extract?

Any Gold extracted will be either sold or converted to ingots and then sold or stored with companies such as PMT on the Gpld CVoast, The Vault or Queensland Reserve Vault.

Do we expect to make big profits from Gold?

Like all Gold Miners that have bona fie mining licenses for exploration and extraction of Gold, we are always looking at the “glass half full”. We are confident in our due diligence and geological reports to date. Therefore we are confident of striking a rich gold seam from which we can make profits for the betterment of our Shareholders.

Contact Us

Coonambula Resources Group Pty Ltd ACN 607591 168

+61 428 969 832

admin@coonambula.com.au