Mutiny Gold 16m@ 15,3g/t Au & 6% Cu

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copper from Deflector


Mutiny Gold (ASX: MYG) has delivered more high grade near surface gold and copper results which provide yet another boost for the Deflector Gold Deposit.



The significance of the latest gold intersections is an extension to the defined high-grade mineralisation just 160 metres to the north of the current Measured and Indicated Resources, which are located in the West Lode.

Highlights from the reverse circulation extension drilling at Deflector include:

- 6 metres at 37.5 grams per tonne (g/t) gold and 7.8% copper from 102 metres;
- 7 metres at 12.8g/t gold and 1.1% copper from 116 metres;
- 2 metres at 10.7g/t gold and 0.0% copper from 132 metres; and
- 3 metres at 5.7g/t gold and 1.9% copper from 80 metres.

Importantly for the future development of Deflector - these results will now be incorporated into the revised resource estimation, which is forecast to be released in the coming months.

John Greeve, managing director, “The results from the northern extension drilling are very positive and have increased our confidence that significant economic mineralisation will be added to this area.

"This mineralisation will be quantified in the next round of mine feasibility study work.”


Spanish Galleon gold copper hits add extra dimension

Adding some spice to Mutiny's exploration success at Deflector, is the nearby Spanish Galleon Prospect - which is between 400 metres and 700 metres to the west and parallel to the Deflector mineralisation.

Six targets were reverse circulation drill tested, with the highlights:

- 4 metres at 3.3g/t gold and 0.3% copper from 56 metres; and
- 29 metres at 0.9g/t gold and 0.6% copper from 34 metres.

The holes were partly sited to follow-up relatively shallow gold intersections made by previous explorers.

Mutiny said combined with geological logging of drill spoil from historical shallow drilling, the first pass drill results have further refined the character of these gold-copper targets.

Current interpretation of these encouraging results indicates at least four mineralised zones within an intrusive body of granodioritic to dioritic composition.


Deflector by the numbers

Deflector currently hosts a resource of Measured 130,000 gold ounces and 12,000 tonnes of copper, and Indicated 105,000 gold ounces and 4,500 tonnes of copper.

The deposit contains a total resource of; 3.4 million tonnes at 5.4g/t gold, 4.7g/t silver and 0.8% copper for 590,000 gold ounces, 510,000 silver ounces and 25,500 tonnes of copper.

Mutiny has an exploration target of between 1.65 million to 2.5 million gold ounces.

Mutiny has said that the company has resolved to expand the scope of the Feasibility Studies to incorporate a re-assessment of Deflector, which is now expected to support production in the order of 100,000 to 120,000 gold ounces annually when fully ramped up.

The reason is exploration has uncovered high grade intercepts in multiple locations, which predicate likely extensions to the planned open pit.


Scoping Study - Recap

- IRR of 83%
- NPV of $187 million – likely to increase significantly
- Cash surplus of $427 million after payback of capital costs
- Capital cost of $52 million and State Royalties including A$19 million for plant upgrade and A$12 million for the first three months working capital
- Annual production of 50,000 ounces gold, 2,000 tonnes copper and 34,600 ounces silver
- Cash costs over first ten year life of mine estimated at $524 an ounce
- Contained gold ounces of 578,000 ounces (comprising 100,000 ounces open pit and 478,000 ounces underground)
- Estimated average production grade of ore ranges from 4.1g/t gold to 6.5g/t gold  

Deflector Delivers High-Grade Gold-Copper IntersectionsFri, 16 Sep 2011 08:25:00 +1000       5 hours, 6 minutes ago


16 September 2011 Deflector North Delivers 3.6m at 153g/t Au and 13.3% Cu • • • Diamond drill results deliver further high-grade gold-copper intersections These additional drill results will enable re-estimation of the Deflector Deposit resources Results include:     3.6m @ 153g/t Au and 13.3% Cu from 145m in 11DD1A; 3m @ 47.6g/t Au and 1.5% Cu from 249m in 11DD15; 4m @ 17.4g/t Au and 1.2% Cu from 300m in 11DD16A 6m @ 20.9g/t Au and 0.3% Cu from 255m in 11DD27;and Australian gold-copper resources company, Mutiny Gold Ltd (ASX:MYG) (“Mutiny” or the “Company”), is pleased to announce significant new high-grade gold intersections from the West Lode of its Deflector Gold Deposit (refer Figure 1 below). The latest results were received from Mutiny’s recently completed diamond drilling program into the Deflector Deposit extensions. These results will be incorporated into the revised resource estimation, which is expected to be released in the coming weeks.

Deflector Diamond Drill Results A diamond drill programme of 30 holes was carried out to enable the upgrade of the resources within the proposed area of initial underground mining at the Deflector Deposit. The results are presented in Table 2 for all intersections of 1m greater than 0.5g/t Au or 0.5% Cu. Drill-hole locations are shown on Figure 1 and listed in Table 3.

Notable intersections include: &#61607; &#61607; &#61607; &#61607; &#61607; &#61607; &#61607; &#61607; &#61607; 3.6m @ 153g/t Au and 13.3% Cu from 145m in 11DD1A; 12m @ 3.4g/t Au and <0.1% Cu from 262m in 11DD04; 3m @ 47.6g/t Au and 1.5% Cu from 249m in 11DD15; 4m @ 17.4g/t Au and 1.2% Cu from 300m in 11DD16A 3m @ 22.8g/t Au and 1.2% Cu from 282m in 11DD17; 3m @ 18.1g/t Au and 0.3% Cu from 292m in 11DD17; 3m @ 18.8g/t Au and 0.8% Cu from 316m in 11DD18 6m @ 20.9g/t Au and 0.3% Cu from 255m in 11DD27;and 4m @ 6.2g/t Au and 0.5% Cu from 308m in 11DD29. Page 1 16 September 2011 Multiple intersections were achieved within some holes, as a number of parallel lodes are present at depth within the deposit. The multiple lodes are displayed in oblique view on Figure 3 below.

The positions of intersections within the main West Lode are shown on Figure 2, a long-section of the lode. Holes 11DD5, 6, and 12 are not shown, as they did not ....
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Quarterly Activities ReportMon, 17 Oct 2011 13:31:00 +1000       3 hours, 21 minutes ago


17 October 2011 QUARTERLY ACTIVITY STATEMENT Mutiny Gold Ltd (“Mutiny” or “the Company”) (ASX:MYG) is pleased to provide its Quarterly Activity Report for the quarter ended 30 September 2011. Deflector Project Highlights: • • • • Further high-grade mineralisation intersected within the Deflector Northern Extension Deflector North delivered 3.6m at 153g/t Au and 13.3% Cu Encouraging exploration results from the Spanish Galleon Prospect Feasibility Study progressing Corporate Highlights: • • Raised $12.5 by the issue of 129m shares Paid $4m towards the acquisition of the Gullewa Gold Project Deflector Extension Drill Results During the quarter, Mutiny completed an RC drilling program into the Deflector Deposit extensions. The drilling was carried out to explore both to the north and south of the main known area of mineralisation at the Deflector Deposit.

The results are presented in Tables 1 and 2 for all intersections greater than 0.5g/t Au or 0.5% Cu. Drillhole locations are shown on Figure 1 and listed in Table 6. Western Lode intersections to the north of the existing Deflector resources include: &#xF0A7; &#xF0A7; &#xF0A7; &#xF0A7; &#xF0A7; 7m @ 12.8g/t Au and 1.1% Cu from 116m in 11DRC078; 3m @ 5.7g/t Au and 1.9% Cu from 80m in 11DRC079; 2m @ 10.7g/t Au and 0.0% Cu from 132m in 11DRC080; 4m @ 5.3g/t Au and 0.9% Cu from 73m in 11DRC081; and 6m @ 37.5g/t Au and 7.8% Cu from 102m in 11DRC083.

Cross-sections of lines 19520N and 19640N, which include newly reported holes within the northern extension to the West Lode, are shown as Figures 2 and 3. Commenting on the results, Mutiny’s Managing Director, John Greeve said “The results from the northern Page 1 17 October 2011 extension drilling are very positive and have increased our confidence that significant economic mineralisation will be added to this area. This mineralisation will be quantified in the next round of mine feasibility study work.” “We believe the results have also strengthened the potential for the discovery of continued high-grade mineralisation below the base of the RC drilling to the north of the existing diamond drilling, between 19500mN and 19660mN” Mr Greeve added.

Deflector Diamond Drill Results A diamond drill programme of 30 holes was carried out to enable the upgrade of the resources within the proposed area of initial underground mining at the Deflector Deposit. The results are presented in Table 3 for all intersections of 1m greater than 0.5g/t ....
und die pdf dazu:
http://media.wotnews.com.au/asxann/01229113.pdf  

Mutiny gives ATW formal notice of move to 100% ownershipMon, 24 Oct 2011 14:17:00 +1000       2 hours, 44 minutes ago


24 October 2011 Mutiny gives ATW formal notice of move to 100% ownership of Gullewa Gold Project Australian Gold-Copper resources company Mutiny Gold Ltd (ASX: MYG, “Mutiny” or “the Company”), is pleased to advise that in accordance with the farm-in and joint venture letter agreement between ATW Gold Corp Australia Pty Ltd (ATW) and Mutiny dated 20 July 2010 (Letter Agreement) Mutiny has formally notified ATW that Mutiny elects to proceed to earn a further 30% interest in the Gullewa Gold Project by undertaking the obligations set out in Clause 2.1(b) (detailed below) of the Letter Agreement. As a result of the issue of this notice, ATW and MYG will not be entering into a joint venture in relation to the Gullewa project. Mutiny will proceed to earn a further 30% (aggregate 100%) interest in the Gullewa Gold Project by: (i) completing a positive Feasibility Study; (ii) sole funding all expenditure; (iii) paying to ATW $4 million; and (iv) agreeing to pay ATW a 10% net profit interest royalty in respect of minerals derived from the Gullewa Gold Project.

The period for completing the above expires on 31 December 2013. Overview In February 2011, Mutiny completed a scoping study on its Deflector Deposit, located within the Gullewa Gold Project. The scoping study highlighted Deflector’s potential as a profitable low cost GoldCopper producer.

Currently, the Mutiny team is continuing work on a feasibility study. The Company has engaged GR Engineering Services to head up the mechanical engineering and plant design works. Xstract Group is conducting the mine studies and Mutiny’s in-house project manager and metallurgist, Kevin Reynolds is managing the feasibility study process as well as overseeing the metallurgical test work.

The feasibility study is expected to be completed in early 2012. The Deflector Gold-Copper Deposit contains total Mineral Resources of 3.4Mt @ 5.4g/t Gold and 0.8% Copper for 590,000oz Gold and 25,500t Copper of which Measured and Indicated Resources total 1.5Mt @ 4.8g/t Gold and 1.0% Copper for 230,000oz of Gold and 16,500t of Copper. (see Table 1 below).

Page 1 24 October 2011 Table 1 – Deflector Deposit Total Resources Classification Measured Indicated Inferred Totals* Tonnes 930,000 570,000 1,900,000 3,400,000 Au (g/t) 4.3 5.7 6 5.4 Au (oz) 130,000 100,000 350,000 590,000 Cu (%) 1.26 0.8 0.5 0.8 Cu (t) 12,000 4,500 9,000 25,500 Ag (g/t) 6.8 5.6 3 4.7 Ag (oz) 200,000 100,000 200,000 510,000 * Note: Totals
Hier noch die Pdf:
http://media.wotnews.com.au/asxann/01231881.pdf  

Annual Report to ShareholdersTue, 25 Oct 2011 11:10:00 +1000       2 hours, 15 minutes ago


Annual Report 2011 ABN 72 101 224 999 1 CORPORATE DIRECTORY MUTINY GOLD LTD A.B.N. 72 101 224 999 Board of Directors Chairman Frank Lawson Managing Director John Robert Greeve Non-executive Directors Allan Richard George Brown Benedict Kusni Solicitors Steinepreis Paganin GPO Box 2799 Perth WA 6001 Auditors Grant Thornton Audit Pty Ltd Level 1, 10 Kings Park Road West Perth WA 6005 Company Secretary Cecilia Tyndall Share Registry Security Transfer Registrars Pty Ltd 770 Canning Highway Applecross WA 6153 Registered Office 29 Charles Street South Perth WA 6151 Stock Exchange Listing Australian Securities Exchange (Home Exchange: Perth, Western Australia) ASX Codes: Ordinary Shares - MYG Options July 2013 - MYGOA Options November 2013 - MYGOB Contact Details Mutiny Gold Ltd PO Box 284 South Perth WA 6951 Tel: +61 89368 2722 Fax: +61 89474 3011 Email: mgl@mutinygold.com.au Mutiny Gold Ltd Annual Report 2011 2 Contents MUTINY GOLD LTD A.B.N. 72 101 224 999 Contents Chairman’s Report Review of Operations Directors’ Report Shareholder Information Interest in Mining and Exploration Tenements Corporate Governance Directors’ Declaration Statement of comprehensive income Statement of financial position Statement of Changes in Equity Statement of cash flows Notes to the Financial Statements Auditor’s Independence Declaration Independent Auditor’s Report to Members Page 3 5 13 26 30 32 37 38 39 40 41 42 79 80 Mutiny Gold Ltd Annual Report 2011 3 CHAIRMANS’ RepoRt Mutiny Gold Ltd Annual Report 2011 4 ChairMan’s report MUTINY GOLD LTD A.B.N.

72 101 224 999 Dear Shareholder, The last 12 months have been an exciting transformational period for Mutiny Gold Ltd with very substantial progress being made on a number of fronts. This has been in spite of the challenging world financial conditions which have seen the Australian stock market index fall some 25% from its high in March this year. Early in the period, the Company announced the intention to purchase the Gullewa Gold Project, a key milestone toward realising Mutiny’s goal of becoming a profitable gold producer in the Murchison region of Western Australia.

Gullewa is a very advanced project in the highly prospective Gullewa Greenstone belt with existing resources, substantial mining infrastructure and tremendous upside potential. Mutiny Gold’s market capitalisation has risen from $3 million at the time of the announcement of our intention to purchase the Gullewa Gold Project to $30 million at the time of writing. Highlights during year the included successful drilling campaigns to ....

http://media.wotnews.com.au/asxann/01232374.pdf  

Mutiny Gold nails project financing from Credit Suisse for Deflector Gold Copper Project
Thursday, November 10, 2011 by Proactive Investors
The funding from Credit Suisse is another step in de-risking development of Deflector following an earlier $A11.3 million capital raising. The funding also minimises share dilution and thereby potentially maximising shareholder returns.

Mutiny Gold (ASX: MYG) has moved another step closer to development of the Deflector gold copper deposit, by securing a project loan and hedging facility agreement with Credit Suisse.

The facility will indicatively comprise an A$11 million initial project loan facility, along with a 50,000 gold ounce hedging facility - which effectively de-risks Mutiny's gold price exposure.

Mutiny is now fully funded to make the final A$4 million cash payment to move to 100% ownership of Deflector, and also complete the Definitive Feasibility Study at the project - forecast for delivery in March 2012.

Mutiny recently resolved to expand the scope of the Feasibility Studies to incorporate a re-assessment of Deflector, which is now expected to support production in the order of 100,000 to 120,000 gold ounces annually when fully ramped up.

The reason for the expanded study is due to 2011 exploration programs uncovering high grade intercepts at multiple locations, which predicate likely extensions to the planned open pit.

Another plus for shareholders in the deal with Credit Suisse is the minimising of share dilution.

John Greeve, managing director of Mutiny, said, “the agreement with Credit Suisse represents the mezzanine funding as advised to shareholders in May 2011 and follows the successful $A11.3 million capital raising completed on 9 September 2011.”


Details of the deal

Greeve added, “The board believes shareholders should be very positively reassured by this achievement following an extensive review by a leading international bank which specialises in gold project financing.

Upon completion of the Definitive Feasibility Study Credit Suisse has first right of refusal to provide the full project finance facility, subject to Hartley’s’ right to act as lead broker, for the underwriting of future capital raisings.

Drawdown of the loan facility and gold hedging facility is subject to a number of standard conditions precedent which are expected to be completed in the next few days.

Noah’s Rule Pty Ltd continues to advise the company on the appropriate financing strategies for the development of Deflector.

The attainment of the finance arrangement comes after an extensive review by Credit Suisse of the Deflector mine proposal and geology records.


Deflector - Feasibility Study

Mutiny is continuing work on a Feasibility Study, with the company having engaged GR Engineering Services to head up the mechanical engineering and plant design works.

Xstract Group is conducting the mine studies and Mutiny’s in-house project manager and metallurgist, Kevin Reynolds is managing the process as well as overseeing the metallurgical test work.

Earlier in 2011 Mutiny delivered a bumper Scoping Study, which included an IRR of 83%, a NPV of $187 million – which is likely to increase significantly, and cash costs over a ten year life of mine of just A$524 an ounce.


Deflector - by the numbers

Deflector currently hosts a resource of Measured 130,000 gold ounces and 12,000 tonnes of copper, and Indicated 105,000 gold ounces and 4,500 tonnes of copper.

The deposit contains a total resource of; 3.4 million tonnes at 5.4 grams per tonne (g/t) gold, 4.7g/t silver and 0.8% copper for 590,000 gold ounces, 510,000 silver ounces and 25,500 tonnes of copper.

Mutiny has an exploration target of between 1.65 million to 2.5 million gold ounces.
quelle Proactivinvestor  

Redhill and Mutiny Gold amend option deal for Gullewa
Friday, November 11, 2011 by Deborah Sterescu
Redhill Resources (CVE:RHR) and Mutiny Gold (ASX:MYG) said Thursday they have agreed to amend their farm-in agreement from last year for the Gullewa gold property in Australia.

The original agreement, signed in July 2010, required operator Mutiny to complete a positive pre-feasibility study for the property, but now, Mutiny can earn the remaining 30 percent of the project by paying A$4 million to Redhill, without the need to complete the report. Redhill will still retain a 10 percent net profit interest in Gullewa.

In mid-October, Redhill said that it received a total consideration of A$9.0 million from Mutiny under the first part of the option deal, granting Mutiny a 70 percent stake in the property.

Redhill also said Thursday that Mutiny has advised the company that an A$11 million loan and gold hedging credit facility with Credit Suisse has been secured, providing the funding for Mutiny to acquire the remaining 30 percent of Gullewa.

Drawdown of the funds is subject to a number of conditions, which are expected to be completed in the near future, Redhill said. The remainder of the funds from the loan not put towards the acquisition will be used to complete a definitive feasibility study for the project.

The 550 square kilometre Gullewa project rests 450 kilometres north of Perth, in the Yalgoo mineral fields of Western Australia. Gullewa hosts multiple gold deposits of various size and grade, the most significant being the Deflector gold-copper deposit.

Mining infrastructure assets at the Gullewa project includes an 800 tonne per day carbon in leach plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

In addition to the property, Redhill is actively exploring three gold prospects in the historic gold producing Gasgoyne region of Western Australia: the Cobra, McCarthy and Mt. Phillips prospects.  It also has two rare-earth projects at the Honey Comb Hills beryllium prospect in Utah and the Morgan rare-earth prospect in British Columbia.
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Mutiny Gold welcomes Cobra’s decision
to mine White Well

http://www.mutinygold.com.au/images/stories/asx/...e_Well_-_FINAL.pdf

Gruß, monstroesitaet  

Audio Stream - Quarterly Results December 2011Thu, 2 Feb 2012 07:25:00 +1000       6 hours, 55 minutes ago


2 February 2012 MUTINY GOLD LTD BROADCAST MUTINY GOLD LTD (MYG) provides the opportunity to listen to an audio broadcast with John Greeve, Managing Director in a presentation titled "Quarterly Results December 2011”. To Listen: click to the Mutiny Gold Website at http://www.mutinygold.com.au/boardroom-radio Or, copy the following details into your web browser: http://www.brrmedia.com/event/91250 The presentation details are as follows:    Mutiny Gold: Quarterly Results December 2011 Presented by John Greeve, Managing Director Thursday 10.15am AEDT Boardroom Radio offers many free services, such as: Boardroom Radio Alerts Easy access to archived presentations on demand Podcast subscription with daily updates Visit Boardroom Radio for more Page 1.
http://media.wotnews.com.au/asxann/01265099.pdf  

Mutiny Gold: Deflector gold drilling program expanded, timeline for DFS defined
Friday, February 03, 2012 by John Phillips


Mutiny Gold (ASX: MYG) remains focused at the Deflector deposit, where the company has an extensive drilling campaign underway to increase the gold resource.

The current timeline of events is that the first results from the campaign started in December are due within weeks. The first Reserves from the project are also expected very soon.

The infill program will then wrap up towards the end of February, with results which would be expected around April, to then be included in the highly anticipated Definitive Feasibility Study to be released to the market around mid-2012.

Extension drilling will continue over February and March, with results then expected to flow to the market from late April and into May.

The reason this study has taken longer than planned is due to being expanded to support production in the order of 100,000 to 120,000 gold ounces annually when fully ramped up, compared to the initially considered 50,000 ounces.

Investors will be aware that Mutiny has already created some major inroads in moving Deflector to production, including moving to full ownership of the Gullewa Gold Project (which hosts deflector), while also acquiring the 10% Net Profit Interest Royalty for 40 million shares, which are escrowed until 15 March 2013.


Expanded drilling program

The drilling program which kicked off towards the end of 2011 was initially going to comprise 12,000 metres of diamond and reverse circulation drilling targeting infill and extensions, but this has now been extended by a further 3,000 meters with two short programs of verification drilling.

This drilling addresses two separate areas of the current resource estimate with the view of providing additional support to the Definitive Feasibility Study. Currently there is one diamond rig and one reverse circulation rig active full time at the deposit.


Deflector - by the numbers, reserves in early 2012

Deflector has a resource of 3.4 million tonnes at 4.9g/t gold for 530,000 gold ounces, 0.85% copper for 29,000 tonnes and 5.7g/t silver for 620,000 ounces.

Measured and Indicated accounts 2.1 million tonnes at 5.2g/t gold for 350,000 ounces, 1.1% copper for 22,000 tonnes and 7.3g/t silver for 490,000 ounces. Inferred is 1.3 million tonnes at 4.5g/t gold for 180,000 ounces, 0.5% copper for 6,000 tonnes and 6.2g/t silver for 130,000 ounces.


Future drill programs target 2 million gold ounce operation

To continue to progress Deflector, Mutiny has already formulated drill programs for 2012 and onwards, which is both aimed at increasing the mine life and gold ounces - with the target 1.6 million to 2.4 million ounces of gold.
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Mutiny Gold: booked for Perth 'Stars in 2012 Series'; any questions?
Monday, February 20, 2012 by Proactive Investors
There is a cracking line up at the Perth 'Stars in 2012 Series', with Legacy Iron Ore, Minemakers, Ventnor Resources, Mutiny Gold and Latin Resources booked. The event is FREE, but you must register.

Mutiny Gold (ASX: MYG) is booked to present at the Proactive Investors "STARS IN 2012 SERIES - PERTH".

The event is free - CLICK HERE TO REGISTER.

Then on the night you can ask Mutiny questions on the highly anticipated Definitive Feasibility Study at Deflector, or any others you like.

You can also leave a question with us which we can try and ask on the night, send it through to; events@proactiveinvestors.com.au.

Also speaking are Minemakers (ASX: MAK), Ventnor Resources (ASX: VRX), Legacy Iron Ore (ASX: LCY) and Latin Resources (ASX: LRS).


DETAILS:

The event will be held on Wednesday 29th February at the Hyatt Regency Perth 99 Adelaide Terrace from 5:15pm (for a 5:30pm start).

Light refreshments will be served during the event and following the presentations will be a Wine & Canape Reception allowing you to personally interact with presenting CEOs.  While the event is FREE to attend, registrations are essential.  

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http://www.proactiveinvestors.com.au/companies/...with-648-26767.html  

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