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Resource upgrade at Fosterville

PERSEVERANCE has put half a million ounces of gold resources back on its books in the past 12 months through exploration drilling in the north and south of its Fosterville mining lease.

Michael Vaughan
Resource upgrade at Fosterville

The company’s reserve position is similar to that contained in its 2005 annual report, around the 1Moz mark at an average grade of 4.3 grams per tonne gold. Resources have increased to 32 million tonnes...

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