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Aguia Resources Ltd.
Summary
| Project: | Tres Estradas | |
|---|---|---|
| Deposit: | Tres Estradas | |
| Location: | Brazil | |
| Commodities: | Phosphate | |
| Date: | 9/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2017: Aguia Resources Ltd. announces a Resource Estimation report for its Tres Estradas deposit at the Tres Estradas project. Updated Mineral Resource for Tres Estradas. SYDNEY, AUSTRALIA September 20, 2017 - Brazilian fertilizer developer Aguia Reso | |
| Resources: | (Resource): 83.21Mt @ 4.73% P2O5 (M.+I.) & 21.845Mt @ 3.67% P2O5 (Inf.) at Tres Estradas | |
| CP/QP: | [Resources]: Steven B. Kerr (Millcreek Mining Group) | |
| ABSTRACT: | SYDNEY, AUSTRALIA September 20, 2017 - Brazilian fertilizer developer Aguia Resources Limited (ASX: AGR, TSXV: AGRL) (“Aguia” or the “Company”) is pleased to report to shareholders that the Company has completed the modeling and update of the Três Estradas Phosphate Resource. The entire dataset was subject to independent revision and auditing by Millcreek Mining Group who have signed off on the new resource statement for the project (the “Mineral Resource Statement”). The resource estimate meets the criteria required to be compliant with both JORC and NI 43-101 standards. The Mineral Resource Statement is based on the results of an extensive drilling campaign carried out by Aguia between December 2016 and June 2017. During this period, Aguia completed 61 core holes (9,708m) and 90 reverse circulation holes (4,496m). The primary goal of this drilling campaign was to increase the geologic assurance and classification of the inferred resources identified in the 2016 resource statement related to the Tres Estradas project. The drilling campaign was successful in converting most Inferred Resources in the 2016 resource estimate to Measured and Indicated categories as well as discovering and delineating additions to the Tres Estradas deposit, including a new extension to the deposit. The Mineral Resource Statement now includes 83 million tonnes grading 4.1% P2O5 of Measured and Indicated resources. Thus, 79% of the current resource model now falls in the Measured & Indicated category, whereas the previous model comprised only 21% of Measured and Indicated resources. | |
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