FinTechFunding

Theta Gold Mines: Completes trial mining at Frankfort

Theta Gold Mines Completes trial mining at Frankfort

  • Theta Gold Mines (TGM) has completed trial mining at Frankfort, located within the TGME gold project
  • The Beta, Frankfort and CDM mines are collectively referred to as the company’s TGME underground project
  • Theta commenced the trial mining project in September 2021 and focused on rock engineering and mine support systems, drilling, and blasting technics
  • Notably, this project also supports the current definitive feasibility study being prepared by Minxcon for the first quarter of 2022
  • A total of 34 horizontal blast holes were drilled at various lengths across the span of the trial mining block
  • On the market today, Theta is in the grey and trading at 18 cents per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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