UMACO AUSTRALIA has entered a phase of commercial interests that are in step with the Australian and Queensland government growth initiatives. The company is poised to become one of Australia’s largest Gold producers standing alongside Queensland’s most extensive and valuable resource companies for precious metals.
Spokesperson, Norm Dobson, Director of Global Business Development and Deputy Chairman says, “The Company has prolific Gold projects that lay within the largest gold belts in Queensland Australia, stretching across the Queensland northern Galilee to the southeast Bowen Basin.
Under an immediate focus the company is poised on underground narrow vein mine developments within the Leyshon Gold corridor of Charters Towers. At present they’ve discovered an undeveloped mesothermal ore body containing Queensland’s highest grade intersection (6m up to 1340g/t Au). The ore extends from the largest and deepest Gold chamber in Australia defined by extensive drilling and analysis supported by technical reports to depth.
The company’s broader interests, spreads across Northern Queensland bound by ancient buried Post-Neoproterozoic’s Palaeo channels and deep leads. Their Northern districts projects encompass Pentland to Georgetown, and Palmer Gold Fields in breath-taking magnitudes of 33,000 square kilometres.
The Company’s mineral arm is supported with high quality resources, visioned on established criteria delivering beyond a billion cubic metres of known significance to date. All projects are supported by sound methodology and geotechnical models unique to their own independence.
Under the gravity of their size and capacities consolidated in feasibility studies and broader forecasts, on site analysis and investigations to date show extensive clarified resources.
Their surface projects are two (2) established massive opencast longwall bulk material alluvial developments. Both surface projects contain identified acute low grade and high grade Gold deposits based on essential criteria for world class average gold grade recovery.
Both surface projects are geotechnically defined at large containing magnitudes of bulk materials with gold and accessory economic grade industrial minerals and rare earths. Under sustained economic consideration the by-products add significant added value to gold production and increased support. Gold variables within these resources range from low grade magnitudes in surface Palaeo Channels at 0.3gAu/t to high grade significance of 1.5 Oz Au up to 3 Oz Au/t ore in adjacent multiple deep leads.
These projects are geotechnically constructed on an insitu run of ore in ‘low Gold grade controlled environments’ supported by high grade industrial mineral deposits. When processed the mine production run of ore is designed to accumulate bulk material compounding the Gold into a super concentrate. This process is repeated into reduction cycles which upgrade into super-grade concentrates, in turn, delivering ounces per ton of concentrates, which are in direct contrast to traditional methods of production and recoveries.
Current exploration projects assessed, define over 2,000,000 ounces of Gold with an additional magnitude of Gold, industrial minerals and rare earths known and qualified to exist. The Company’s resources are identified to contain over 30,000,000 ounces of Gold.”