For thousands of other reports visit RSC's Mineral Intellingence Map
Aorere Resources Ltd.
Summary
| Project: | Fondaway Canyon | |
|---|---|---|
| Deposit: | Fondaway Canyon | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2016: Aorere Resources Ltd. announces a Resource Estimation report for its Fondaway Canyon deposit at the Fondaway Canyon project. Updated mineral resource estimate, three-fold increase in gold resource. Aorere Resources’ proposed Nevada gold invest | |
| Resources: | (Resource): 2.05Mt @ 6.18g/t Au (Ind.) and 3.20Mt @ 6.4g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Michael Norred (Techbase International Ltd.) | |
| ABSTRACT: | Aorere Resources’ proposed Nevada gold investment is showing three times the gold resources previously estimated, following updated resource modelling. The company announced today a significant increase in the Mineral Resource estimate to 1,069,000 ounces at a gold grade of 6.3 grams per tonne on a combined indicated and inferred basis. The company has also secured an extension for the exclusive purchase agreement until the end of January 2017. “Aorere’s investment in a detailed technical assessment and new resource modelling has demonstrated that this project has the potential to become a significant mine in resource-rich, minefriendly Nevada, USA, Chief Executive Chris Castle said. Aorere, (NZX AOR), a New Zealand-based mineral/oil and gas explorer, has carried out a Mineral Resource estimation for its Fondaway Project, and reports 2.05M tonnes at an average grade of 6.18 g/t gold (0.18 oz/t), containing 409,000 ounces gold in the Indicated category, and 3.2M tonnes at an average grade of 6.4 g/t gold (0.19 oz/t) containing 660,000 ounces of gold in the Inferred category. These Mineral Resource estimates are classified and reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The Joint Ore Reserves Committee Code — JORC 2012 Edition). A summary is contained in Table A, with details in Table B and Appendix 1, sections 1, 2, and 3. The Fondaway Canyon mineralization is contained in a series of 12 steeply dipping en-echelon quartzsulphide shears outcropping at surface and extending laterally over 1200m (4000ft), with drill-proven depth extensions to > 400m (1300ft). The bulk of the resources are hosted by the Paperweight, Halfmoon and Colorado zones, with the remainder in parallel veins or splays of the major vein/shears identified. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report