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CNMC Goldmine Holdings Ltd.
Summary
| Project: | Sokor | |
|---|---|---|
| Deposit: | Sokor | |
| Location: | Malaysia | |
| Commodities: | Gold | |
| Date: | 4/1/2015 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-4-2015: CNMC Goldmine Holdings Ltd. announces a Resource Estimation report for its Sokor deposit at the Sokor project. Updated mineral resources and ore reserves for project. The Sokor Project (the Project) in Kelantan State in northern Peninsular Malay | |
| Resources: | (Reserve, P+P): 4.125Mt @ 1.4g/t Au for 188000oz Au contained at project | |
| CP/QP: | [Resources]: Ian Glacken, Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | The Sokor Project (the Project) in Kelantan State in northern Peninsular Malaysia is currently 81% owned by CNMC Goldmine Holdings Limited (CNMC) through its subsidiary CMNM Mining Group Sdn. Bhd. (CMNM). CMNM holds the rights to mine and produce gold, silver and base metals from an area of approximately 10 km2 in the Ulu Sokor area in Kelantan. CNMC has defined three deposits in the southern part of the project area (Manson’s Lode, New Discovery and Ketubong) and a fourth deposit (Rixen) approximately 3 km to the north of Ketubong. At CNMC’s request, Optiro Pty Ltd (Optiro) has updated the Mineral Resource estimate for the Sokor Project and has incorporated data from 98 diamond holes drilled by CNMC during 2014 and since CNMC’s 31 December 2013 Mineral Resource and Ore Reserve Statement. Mineral Resource estimates have been updated for Rixen, Manson’s Lode and New Discovery. CNMC has extracted ore from Rixen during 2014 and the Mineral Resources have been depleted for mining to 31 December 2014. The Mineral Resources at Manson’s Lode, New Discovery, Rixen and Ketubong have been reported in accordance with Singapore Exchange (SGX) mineral, oil and gas guidelines, having been classified and reported using the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, December 2012 (the JORC Code 2012). The Ore Reserves for the Rixen Deposit have been reported in accordance with the JORC 2012 Code. The Ore Reserve estimates for the Manson’s Lode and the New Discovery deposit were prepared and first disclosed under JORC 2004. These Ore Reserves have not been updated to comply with the JORC Code 2012, on the basis that the information has not materially changed since it was last reported. | |
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