Bonanza gold results have Tombola Gold taking a close look at how the Trump prospect could fit into its Cloncurry production plans.

Drilling at Trump last year delivered high-grade intersections including 6m at 32.90g/t fold – including 4m grading at 48.90g/t gold – within a total intersection of 153m continuous copper gold and cobalt mineralisation.

The company said Trump, located east of its advanced Mount Freda project, would receive an upgrade in priority for possible high grade-ore supply to that project’s production.

Mining and production is due to start by the end of this year at Tombola’s Mount Freda complex, centred on the former Mount Freda gold mine and the chain of sites known as the Golden Mile.

Tombola said all development for gold production had been accelerated after the capital raising last week, it received commitments for a heavily oversubscribed $6 million placement.

It reported moving into pre-civil works, mobilisation of earthmoving equipment, surveyors, workshops, and administration offices for the Comstock gold mine (part of the Golden Mile).

The ore mined from the Golden Mile will be processed at the Round Oak Minerals CIP processing plant in Cloncurry.

The Trump prospect, an historical mine with a granted mining lease, would only require minimum intervention and approvals from the Department of Natural Resources, the company said.

Tombola will complete drilling for a JORC 2012 Mineral Resource Estimate and a financial study for the possible mining methods.

The ore from that site would be transported to the Mount Freda processing plant to be processed with the ore from Mount Freda, due to commence production in final quarter of 2021, Tombola said.