Tunkilla stacks up for Helix

HELIX Resources said scoping of its Tunkillia gold project in South Australia has showed opencut mining of an in-situ resource of 390,000 ounces at Area 223 would deliver an undiscounted cash surplus of over $62 million at a gold price of $550 per ounce, before capital costs.

Tunkilla stacks up for Helix Tunkilla stacks up for Helix Tunkilla stacks up for Helix Tunkilla stacks up for Helix Tunkilla stacks up for Helix

Tunkillia contains a total of 10.5 million tonnes grading 2.2gpt for around 730,000 ounces, with the planned Area 223 pit (to a depth of 180m), having a head grade of 2.

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