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CNMC Goldmine Holdings Ltd.
Summary
| Project: | Sokor | |
|---|---|---|
| Deposit: | Sokor | |
| Location: | Malaysia | |
| Commodities: | Gold | |
| Date: | 3/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 31-3-2016: 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 Mala | |
| Resources: | (Reserve, P+P): 5.107Mt @ 1.07g/t Au for 222Koz 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 gold deposits in the southern part of the project area (Manson’s Lode, New Discovery and Ketubong) and a fourth gold deposit (Rixen) approximately 3 km to the north of Ketubong. Additional gold mineralisation has been intersected to the south of New Discovery and base metal and silver mineralisation is also present at Manson’s Lode and at Sg Among, to the east of Rixen. At CNMC’s request, Optiro Pty Ltd (Optiro) has updated the Mineral Resource estimate for the Sokor Project and has incorporated data from 69 diamond holes drilled by CNMC during 2015 and since CNMC’s 31 December 2014 Mineral Resource and Ore Reserve Statement. Mineral Resource and Ore Reserve estimates have been updated for Rixen, Manson’s Lode and New Discovery. CNMC has extracted ore from Rixen during 2015 and the Mineral Resources have been depleted for mining to 31 December 2015. The Mineral Resources at Rixen, Manson’s Lode, New Discovery and Ketubong and the Ore Reserves at Rixen, Manson’s Lode and New Discovery 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). | |
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