In Victoria, Australia, you’ll find a small town called Woods Point. It is known for its significant production of gold. One of the main streets of Woods Point is known as Bridge Street. While in this area, you can witness the massive production of gold. Gold mining enterprises, such as the A1 Gold Mining Company produce the best gold from this area. They also explore and process gold.
Here are the helpful things you need to understand about gold exploration projects in Woods Point, Australia.
Austar Gold Company in Woods Point, Victoria
Austar Gold (AUL) is one of the companies that specialise in the mining and exploration of gold in Woods Point Victoria. In 2020, it has continued with its mining and exploration projects in this area. It has ensured that gold production continues to increase. This high gold grade gets produced by the Austar Gold company.
During this project, the Austar Gold firm produced $726,202 of gold sales. An estimate of between 1.2-1.5kg was mined in January. However, the concentrate is yet to be refined. Their gold sales are increasing on a monthly basis as they explore gold production in the Woods Point area.
In drilling programs and mines, the company is planning to keep updating shareholders when exploration work commences. Continued success in drill mining can be critical to the development of gold mining at Austar Gold.
Various targets have been identified in the Woods Point area. In these wealth producing mines, the Austar Gold Company believes they can mine gold for long-term production. Moreover, the AUL board believes that a massive exploration of gold can represent the extraction of significant resources in Woods Point area, Australia.
Gold exploration projects help in the growth of production. In the Woods Point area, gold mining firms explore different areas to ensure they find more gold deposits. With many gold mine areas, they can increase the production of gold in Victoria, Australia.