|
|
Article: Go-ahead for Sardinian gold project. (Sardinia Gold Mining)
- Article from:
- Mining Magazine
- Article date:
- March 1, 1994
CopyrightCOPYRIGHT 1994 Mining Journal Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Following an agreement signed in December last year, Sardinia Gold Mining S.p.A. (SGM) was established at the end of January this year to continue exploration and commence development of gold reserves estimated at more than 360,000 oz on the Mediterranean island of Sardinia. SGM is a joint venture between Australian companies Gemcor Ltd (35%), General Gold Resources (35%), and Progemisa S.p.A, an Italian quasi-governmental company which has led exploration for minerals in Sardinia.
Falling under Italian sovereignty, Sardinia lies some 250 km west of the Italian mainland. Exploration for gold on the island began in 1988, since when 139 diamond drillholes have been ...