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Ardea Resources Ltd.
Summary
| Project: | KNP | |
|---|---|---|
| Deposit: | Big Four | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-5-2020: Ardea Resources Ltd. announces a Resource Estimation report for its Big Four deposit at the KNP project. Initial Resource Estimate for Big Four Deposit. Ardea Resources Limited (Ardea, ARL or the Company) is pleased to announce a maiden Inferre | |
| Resources: | (Resources, Inf.): 178kt @ 2.7g/t Au (15,300oz Au) at Big Four Deposit | |
| CP/QP: | [Resource]: James Ridley (Internal) | |
| ABSTRACT: | Ardea Resources Limited (Ardea, ARL or the Company) is pleased to announce a maiden Inferred Mineral Resource estimate, following JORC Code (2012) guidelines, for its Big Four Gold deposit located within the Goongarrie Nickel Cobalt Project (GNCP) 70 kilometres north of the City of Kalgoorlie-Boulder. A summary of the Mineral Resource estimate is: The historic Big Four Gold mine is situated on the Geological Survey of WA Bardoc 1:100,000 map sheet, and located on the Mt Vetters Pastoral Lease, approximately 70 kilometres north northwest of Kalgoorlie in Western Australia. Excellent access to the Big Four area from Kalgoorlie is provided via the sealed Goldfields Highway which passes immediately west of the Ardea mining tenements encompassing Ardea’s Big Four nickel laterite deposit and the historic Big Four Gold mine (Figure 1). Station and fence line tracks as well as cleared grid lines provide easy internal access. The Big Four Gold Prospect lies within granted Mining Lease (M24/778) 100% owned by Ardea with a Native Title agreement in place. | |
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