Aureka's Gold Rush: Comstock Project Extension

0:00Welcome to Sydney News Today, two minutes of news that matter to Sydney. A Rika Limited has renewed its key exploration license for the historic Comstock Gold Project in Victoria, securing the site and surrounding areas, until 2030. This five-year extension lets the company advance studies for possible small-scale gold production at the old open pit mine. The firm also finished a high-resolution LiDAR and photogrammetry survey of the pit, capturing over 300 data points per square meter. This creates a precise digital model to guide engineering designs, geology work, and operational plans. The project boasts a maiden resource of 1.45 million tons, grading 1.21 grams per ton gold, for 56,000 five, 100 ounces, recent diamond drilling, totaling more than 2,200 meters, its standout results, like 1 meter at 65.37 grams per ton gold. Located 2 kilometers north of St. Arno Town, the site was last mined in 1995, amid a gold

1:03field known for rich quartz reefs. Historically, the area yielded over 400,000 ounces at an average 15 grams per ton during Victoria's Gold Rush. With gold now topping $5,000 USD per ounce up from under 400 back then, the shallow ounces look far more viable. The pit sits near active mills for quick processing, and Erika has tapped mining experts for community outreach and regulatory steps toward A, potential restarting. D&N is brought to you by our sponsor. Do not just fall asleep, drift into what you are listening to, SOLI solelypillow.com