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Aurelia Metals Ltd.
Summary
| Project: | Peak Gold Mines | |
|---|---|---|
| Deposit: | Peak Gold Mines | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 7/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-7-2018: Aurelia Metals Ltd. announces a Resource Estimation report for its Peak Gold Mines deposit at the Peak Gold Mines project. Updated mineral resource and ore reserve estimates at Peak gold mines. Aurelia Metals Limited (“AMI” or the “Company”) is | |
| Resources: | (Reserve, P+P): 532Kt @ 0.40g/t Au, 31.8g/t Ag, 0.17% Cu, 5.72% Pb, 6.15% Zn | |
| CP/QP: | [Resources]: Arnold van der Heyden, Chris Powell (H&S Consultants Pty Ltd.;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 Peak Gold Mines in NSW. A comprehensive review of the previous Mineral Resources and Ore Reserves has been ongoing with particular focus on Lead/Zinc resource. This review includes a mill upgrade to cater for lead and zinc processing. Further infill drilling and a more detailed structural, lithological and geochemical understanding of the lead-zinc orebody will also be carried out. Low grade ores below cut-off have been excluded from the Resources and Reserves. The updated Mineral Resource Estimate represents a decrease in tonnage over the previous estimate (allowing for mining depletion) and exclusion of non-economic resources. This is due to the evaluation techniques adopted in accordance with Aurelia Metals guidelines. The new guidelines report the estimate from stope shapes. Past estimates have been based on block reporting. The Mineral Resource Estimate has been completed in accordance with the guidelines of the JORC Code (2012 Edition) of this release. | |
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