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06/06 - Dargues Reef Update: Further Key Permits Secured, Drilling set to Commence

  • Dargues Reef Environmental Protection Licence issued
  • Final three Management Plans approved
  • Mine Operations Plan approved
  • Drilling rig secured and scheduled to arrive this month to test a range of targets

Australian gold company Cortona Resources Limited (ASX: CRC) is
pleased to provide an update on progress towards development of
its 100%-owned Dargues Reef Gold Mine in NSW. 

The Company has secured a range of additional permits and
approvals required to develop and operate the mine site. 

The Environmental Protection License (EPL) has been issued by
the NSW Environment Protection Authority. The EPL “…authorises
the carrying out of the scheduled activities…” and marks another
key milestone in the approvals process. 

The final two Dargues Reef Management Plans and the
Environmental Management Strategy have also been approved,
bringing the number of Management Plans for which Cortona
has secured approval this year to 11. 

The Dargues Reef Mine Operations Plan (MOP) has also been

Cortona’s Managing Director, Peter van der Borgh, said all key
approvals were now in place to commence development at
Dargues Reef, with only a couple of modifications outstanding. 

 “The modification to the operating permit at London Victoria,
which will enable us to transport gold concentrate for treatment
off-site, and the modification required to use paste-fill for the 2
underground mine at Dargues are the final outstanding permissions required, both of
which are well advanced. 

“It’s been a big effort from the team to jump through countless hoops and never take
our eyes off the prize,” Mr van der Borgh said. “We are now entering the final straight
towards development and, in what is likely to be a rising gold price environment our
timing looks pretty good.” 

Cortona is also pleased to advise that it has secured a drilling rig to commence exploration
drilling later this month. The program will test a range of prospects, including previously
untested targets at Napoleon and Doubloon, providing an additional source of news flow for
shareholders alongside project development activities.

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