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Amara Mining Plc
Summary
| Project: | Yaoure | |
|---|---|---|
| Deposit: | Yaoure | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 1/6/2015 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-1-2015: Amara Mining Plc announces a Resource Estimation report for its Yaoure deposit at the Yaoure project. Updated mineral resource estimate - 63% increase in Indicated resource. Amara Mining plc, the AIM-listed West African focused gold mining compa | |
| Resources: | (Resource): 106.3Mt @ 1.29g/t Au (Ind.), 63.0Mt @ 1.19g/t Au (Inf.) | |
| CP/QP: | [Resources]: Mario E Ross (GeoSystems International Inc.) | |
| ABSTRACT: | Amara Mining plc, the AIM-listed West African focused gold mining company, is pleased to announce an updated National Instrument (“NI”) 43-101 compliant Mineral Resource estimate for its 100% owned Yaoure Gold Project (“Yaoure”) in Côte d’Ivoire. With 6.8 million ounces of Mineral Resources, Yaoure is the largest gold development project in West Africa. Amara’s total resources have increased to 9.6 million ounces, which represents the largest resource base of any London-listed junior gold mining company. Today’s Mineral Resource estimate represents an increase of 485,000 ounces compared to the estimate released in September 2014, with 65% included within the higher confidence Indicated category. It is from these Mineral Resources that Mineral Reserves can be defined. The Mineral Resource estimate is reported above a 0.5g/t cut-off and constrained within an open pit shell derived using a long term gold price of US$1,500 per ounce. The project is robust at higher cut-off grades as demonstrated in the table below. | |
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