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Bligh Resources Ltd.
Summary
| Project: | Bundarra | |
|---|---|---|
| Deposit: | Bundarra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2016: Bligh Resources Ltd. announces a Resource Estimation report for its Bundarra deposit at the Bundarra project. Updated mineral resource estimate, now JORC 2012 compliant. Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to announce an | |
| Resources: | (Resource, Total): 7.0Mt @ 1.9g/t Au for 431000oz Au contained | |
| CP/QP: | [Resources]: Steve Rose (CSA Global Pty Ltd.) | |
| ABSTRACT: | Bligh Resources Limited (ASX: BGH) (“Company”) is pleased to announce an upgraded Mineral Resource estimated in accordance with JORC 2012 guidelines for its Bundarra Gold Project. The Mineral Resource previously reported under the 2004 JORC code has undergone a review by resource specialists CSA Global Pty Ltd (‘CSA’) for reporting under the JORC 2012 requirements, with global resources of 7.0 MT @ 1.9 g/t Au for 431,000 oz, at a 0.5 g/t Au cutoff. This represents an important step for Bligh in preparation for the next phase of the exploration and development toward production at the Bundarra Project. A key result of the review is that there has been no material change to the Mineral Resource Estimate reported on 5 September 2013, and the Bligh is pleased to provide further detailed information in the Appendix of this announcement, reported in accordance with JORC 2012 as 'Table 1'. The JORC 2012 estimate provides Bligh with the platform for the estimation of Ore Reserves as part of its ongoing Feasibility Studies into the development of mining operations, with the Company well positioned to advance its objective of becoming a gold producer at Bundarra. | |
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