Kitikmeot Corporation
 
 
 
 
 
 

This property is located approximately 55 km south of High Lake. During previous construction, a ramp was completed to the 155m level on the Flood Zone, including the development and driving of an escapeway/fresh air raise. The mine site contains a runway, camp, power generation, fuel farm, and machinery and equipment for the mining and transportation of ore.

The deposit is said to have a geological resource of 565,000 ounces of gold.

Wolfden acquired 100% interest in the Ulu Gold Property in December, 2003, and early in 2007 it was announced that Zinifex Ltd. would acquire Wolfden Resources. By mid 2007, this process was effectively completed. Ulu was part of this transaction.

During 2007 Zinifex Ltd. acquired Wolfden Resources, and in mid-2008 Oxiana Resources merged with Zinifex to form OZ Minerals.

Shortly thereafter it was announced that Izok would be their top development priority. No development plans were announced for Ulu. However OZ Minerals subsequently announced that they were deferring several capital projects and making substantial cuts to operating cost budgets.

On June 11th, 2009, China Minmetals Corporation completed the acquisition of OZ Minerals (assets acquisition). A new Australian company called Minerals and Metals Group Ltd. (MMG) will be set up to manage these assets. Further information on plans for project development is not available at this time.

Contact:
China Minmetals Corporation
Email: support@minmetals.com.cn
Website: www.minmetals.com

 
 
 

 

NOTE TO WEBSITE VISITORS
This website and all content is provided for informational purposes only and should not be interpreted as a recommendation for any specific product or service, use or course of action. You should not act or rely on any of the content without seeking advice of a qualified professional. This web site and all content on this web site or made available through this web site are provided “as is” without any representations, warranties, guarantees or conditions, of any kind, whether express or implied, statutory or otherwise. The content may not be accurate, up to date, or complete. You should apply your own judgment in making any use of any content. Kitikmeot Corporation does not assume responsibility for the accuracy or appropriateness of the information, data, opinions, advice, or statements accessed through links to other sites, and when you access such sites, you are doing so at your own risk. In providing links to other sites, Kitikmeot Corporation is in no way acting as a publisher or disseminator of the material contained on those other sites and does not seek to monitor or control such sites, and such links should not be construed to mean that Kitikmeot Corporation is affiliated or associated with same. In no event will Kitikmeot Corporation, its affiliates or their respective directors, employees or authorized agents, be liable for damages or losses resulting from: viruses, data corruption, failed messages, transmission errors, links to third-party web sites, third-party content, products or services, loss of use or lack of availability of facilities including computer resources, routers and stored data. Kitikmeot Corporation assumes no obligation to update the content on this site, and the content on this site may be changed without notice. Kitikmeot Corporation disclaims any liability for unauthorized use or reproduction of any portion of the web site.