Vancouver – Following a recent rock fall at its Ballarat mine project in Australia’s Victoria State, Lihir Gold (LGG-T, LIHR-Q, LGL-A) is moving to re-establish underground development operations.
The ground fall occurred over an area of about 12 metres – about 700 metres down the gold mine’s main decline. There were no injuries to the 27 miners working underground at the time of the incident and they were evacuated through a ventilation shaft.
Lihir Gold acquired the project through its takeover of Ballarat Goldfields in 2006. With development well underway, the mine is scheduled to start commercial operations in the second half of 2008. Recent processing of some low-grade pre-production ore returned a modest amount of gold from the development workings.
Based on past work, an inferred resource estimate of about 3.1 million tonnes grading 11 grams gold per tonne (1.1 million contained oz. gold) has been tabled for Ballarat East.
The company also operates its open pit Lihir gold mine, in Papua New Guinea, forecast to produce about 750,000 oz. gold in 2007.
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