Mt Gunyan
Mt Gunyan is located approximately 4.5km north-east of the Twin Hills Silver Mine and is an epithermal disseminated silver deposit. In October 2012 it was reported that Mt Gunyan has the potential to deliver 2.4Mt @ 56g/t Ag containing 2.6Moz of silver (4.4Moz contained) (Table 1). Mt Gunyan was reported as potentially supplying the next source of ore feed to the Texas operations and at the time was expected to extend the life of mine beyond 8 years. At a cutoff grade of 30g/t Ag, the Mt Gunyan Mineral resource is 3.94mt (Table 2).
Table 1. Mt Gunyan in-pit Mineral Resource.
| Class | Tonnes | Ag g/t | Ag Moz |
| Measured | 701,000 | 52.2 | 1.2 |
| Indicated | 1,676,000 | 58.4 | 3.1 |
| Inferred | 28,000 | 53.7 | 0.0 |
| Total | 2,405,000 | 56.5 | 4.4 |
Source: Alcyone (1/10/2012) reported under JORC 2004.
Table 2. Mt Gunyan Mineral Resource at a 30g/t Ag cut-off.
| Class | Tonnes | Ag g/t | Ag Moz |
| Measured | 754,000 | 56 | 1.3 |
| Indicated | 2,884,000 | 55 | 5.2 |
| Inferred | 302,000 | 48 | 0.5 |
| Total | 3,940,000 | 55 | 0.2 |
Source: Alcyone (31/1/2014) and based on the original announcement Alcyone (31/10/2012) reported under JORC 2004.
Proposed Future Work
An update on future works, still to come.
