Menu
Business

Invictus Gold discovers silver seam after drilling for gold

Contributed

WE ALL look for silver linings sometimes, but Dr Michael Jones is one of the few people who found one.

And this one is 10km long.

As managing director of Invictus Gold, Dr Jones expected drilling done in Central Queensland would confirm his suspicions there was gold to be had about 35km south-east of Clermont.

Not only did he strike it lucky - through exhaustive and scientifically guided drilling - his company also discovered a lucrative silver seam.

"We're very excited about it," Dr Jones said.

"We're looking forward to the next phase of drilling."

The Clermont region has long been known as being historically rich in gold, but new technology and enthusiasm has reignited the quest to investigate the area.

Invictus is yet to have a mine of its own, but Mr Jones said it would look to take on a wealthy benefactor to help tap into these minerals.

"We think there's potential for open-pit and underground mining," he said.

"This looks like it could be a major project."

So could this be the start of a new gold and silver rush for the outlying township? Maybe.

"We would certainly like to see that," he said.

Topics:  clermont drilling gold silver


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Gallery hums with two new exhibitions

SHOW STOPPER: Hobie Porter at the opening of Unnatural History: The Tower Hill Project at The Lismore Regional Gallery.

Regional Gallery hums with two new exhibitions

Chicks With Attitude - the true meaning behind the CWA

BAKE READY: Alison (centre) on the new branch of Lismore's CWA outside the tea rooms at Spinks Park.

Meet the CWA chicks who serve crackerjack scones

Um... can you just not?

CANDID: Barnaby Joyce caught eyeing off former staffer and current partner Vikki Campion back at a summit in 2016.

When you doing something you think you shouldn't, can you just not?

Local Partners