For thousands of other reports visit RSC's Mineral Intellingence Map
Aurelia Metals Ltd.
Summary
| Project: | Hera | |
|---|---|---|
| Deposit: | Hera | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 7/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 31-7-2017: Aurelia Metals Ltd. announces a Resource Estimation report for its Hera deposit at the Hera project. Mineral Reserve and Resource update for the Hera project. Aurelia Metals Limited (“AMI” or the “Company”) is pleased to report an update to the | |
| Resources: | (Reserve, Prob.): 1.47Mt @ 3.53g/t Au, 2.74% Pb, 4.05% Zn, 20.9g/t Ag at Hera | |
| CP/QP: | [Resources]: Adams Mckinnon (Internal) | |
| ABSTRACT: | Aurelia Metals Limited (“AMI” or the “Company”) is pleased to report an update to the Mineral Resource Estimate and Ore Reserves Estimate for its 100% owned Hera gold-lead-zinc-silver project in NSW. A comprehensive review of the previous Mineral Resources and Ore Reserves has been ongoing with particular focus on mine to mill reconciliations. This review includes greater drilling densities, improved sampling and estimation techniques and a more detailed structural, lithological and geochemical understanding of the orebody. The updated Estimates include the findings of this review together with the results of a substantial exploration and infill drilling program completed in FY2017. The updated Mineral Resource Estimate represents an increase in tonnage over the previous estimate (allowing for mining depletion) and reductions in grades due to the inclusive reporting and improved drilling densities and evaluation techniques. The Mineral Resource Estimate has been completed in accordance with the guidelines of the JORC Code (2012 Edition) of this release. The Ore Reserve Estimate is derived from the Mineral Resource Estimate. An updated Ore Reserve Estimate has been calculated from the Hera Resource model using Measured and Indicated categories only A new resource estimate has been completed for Aurelia Metals’ wholly owned Hera Project, located south of Nymagee, New South Wales. The updated total Measured, Indicated and Inferred Resources based on a $120 Net Smelter Return (NSR) cut-off are summarised in Table 1, and estimated contained metal in Table 2. The stated resources include all blocks within the volumes produced by Deswick’s Stope Shape Optimiser (SSO) but does not include material that has been mined or sterilised by nearby mining. The reported estimates therefore include an appropriate internal dilution component (see below for details).Data compilation and validation for the Resource Estimate has been completed by Adam McKinnon, MAusIMM, who is the Senior Mine Geologist at Hera. The Resource Estimate has been prepared by Rupert Osborn, MAIG, of H&S Consultants | |
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