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Acacia Mining Plc
Summary
| Project: | North Mara | |
|---|---|---|
| Deposit: | Gokona Mine | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 7/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-7-2019: Acacia Mining Plc announces a Resource Estimation report for its Gokona Mine deposit at the North Mara project. Updated mineral resources and ore reserves at Gokona. Acacia Mining is pleased to announce a mid-year Mineral Reserve and Mineral Res | |
| Resources: | (Reserve, P+P): 7.060Mt @ 5.53g/t Au at Gokona | |
| CP/QP: | [Resources]: John Haywood, David Blamires (Internal) | |
| ABSTRACT: | Acacia Mining is pleased to announce a mid-year Mineral Reserve and Mineral Resource update for its Gokona Mine at North Mara which adds to the long-term potential of this underground operation. The Mineral Reserve and Resource upgrade follows the ongoing drilling programme which is taking place at the Gokona underground mine and has confirmed the predicted extensions of the orebody. In particular, an additional 95 drill holes totalling 32,463 metres have been incorporated into the updated Gokona Mineral Resource Model with the additional underground drilling information increasing the Gokona Mineral Reserves by 286Koz of gold; offset by mining depletion of 76Koz of gold and a conservative reduction in assumed crown pillar recovery of 71Koz of gold. New mining designs and a revised life of mine (LOM) plan have been created using this model which supports the update to the Mineral Reserve Statement. | |
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