Stawell revives Victoria's gold industry hopes

VICTORIA'S long-awaited gold revival has edged a bit closer following confirmation last month of a potential 1 million-ounce-plus discovery under the existing workings of Mining Project Investors’ half-owned Stawell underground operation.

The mine exploration success has given MPI and its equal joint venture partner, Pittston Mineral Ventures, hope of a possible four-fold increase in mine life and a possible expansion down the track.