Norton Gold ready to mine in Boyne Valley
THERE is gold in the hills overlooking the Boyne Valley and Tim Prowse means to mine it.
Mr Prowse of Norton Gold Fields Ltd is sitting on a field capable of earning seven grams of gold per ton, a high yield when compared with mines operating on little more than a single gram for a profit . And he hopes to be extracting it, as well as copper from another field at nearby Many Peaks, in three years time. The projects will employ between 60 and 100 people.
The return to mining could give a huge lease of life to the Boyne Valley which has been steadily declining over the years.
"Production can start sooner at a smaller scale but we hope to have full production in about three years,'' Mr Prowse said.
The company has mineral exploration licences in the Gladstone area that are ripe for further investigation. According to the Norton projects summary, the projects form a close-knit group of mining tenements comprising a mix of proven high-grade gold resources, and advanced gold and copper exploration targets.
Most are within an hour by road from the Port of Gladstone. The gold/copper operations is expected to generate $40 million worth of income.
He said the company would be looking for rail transport to shift its gold and copper ore.
Community efforts to have the historic Norton township declared a heritage site would not be affected by the project.
Resident Jurgen Ehret said an operating mine would be good for the Boyne Valley.
"It will provide jobs where jobs are scarce, increase the school population and bring customers for the Ubobo Shop and the Many Peaks pub,'' he said.