Native Mineral Resources Holdings (ASX:NMR) said the third consecutive weekly smelt completed on Tuesday produced gold doré with a combined weight of 501 ounces at its Blackjack project in Queensland, according to a Wednesday Australian bourse filing.
Assay results for one of the gold doré bars from the Sept. 8 smelt confirmed 109.9 ounces of gold and 37.4 ounces of silver, with a combined gold assay of nearly 39.7% and combined silver assay of over 49.6%.
Its shares declined 1% in recent trading on Wednesday.