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AAP

Ben McKay

Golden eye on northern island after spot price surge

Gold Horn Island Mining

A surge in the gold price has prompted a rethink of one explorer's vision to mine on Horn Island. (Aaron Bunch/AAP PHOTOS)

A surging gold price could return mining to the Torres Strait, with exploration firm Alice Queen taking a fresh look at its feasibility.

The company in 2021 assessed the value of gold deposits on Horn Island at $140 million based on a price of $2450 an ounce for the yellow metal.

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