Dargues Reef, part of the 659 km2 Majors Creek Gold Project situated approximately 60km southwest of Canberra, just north of the village of Majors Creek.
Unity holds 100% of the project since its purchase of Cortona Resources in early 2013.
Currently under development, Dargues Reef will comprise an underground decline mine, a run-of-mine pad, temporary waste rock emplacement, crushing facility, gold processing plant, tailings storage facility and associated infrastructure situated on 403 hectares of freehold land.
Due for start-up by the end of 2013, the mine is targeted ramp up quickly to an annualised production rate of 50,000 ounces per year.
Dargues Reef holds 2.17 million tonnes of ore containing 327,000 ounces of gold resource at 5.3 grams per tonne, with reserves of 233,000 ounces.
The project is located in the highly prospective Lachlan Fold Belt of the Southern Tablelands region of New South Wales.
The area represents the largest alluvial goldfield in the state, with gold production at the turn of the last century estimated at 1.25 million ounces.
In addition to Dargues Reef, some 24 other historic hard rock mines have been verified.
Mineralisation occurs in various types of quartz veins, and much of the gold is free-milling. Community Information Session - Overview • Introductions • Dargues Gold Mine – Project Information • Status of the mine • What to expect over the next 12 months • Environment and Community • Supplier Information • Employment Opportunities • Concluding Comments Attached is the Presentation The Dargues Gold Mine is located approximately 60km southeast of Canberra, 13km south of Braidwood and immediately north of the village of Majors Creek.
The Dargues Reef ore body was originally discovered in the early 1870’s by Mr. Mining over the next 20 years consisted of sinking the Main Shaft and development of a small open cut.
Additional shafts were excavated between 18 and then again between 19 by various parties.
Historic gold production from Dargues Reef is estimated at a minimal 2,000t at a grade of 14g/t Au.