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Carbine Resources Ltd.
Summary
| Project: | Mount Morgan | |
|---|---|---|
| Deposit: | Mount Morgan | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Silver-Sulphur-Pyrite | |
| Date: | 8/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-8-2016: Carbine Resources Ltd. announces a Resource Estimation report for its Mount Morgan deposit at the Mount Morgan project. Mount Morgan total resource increases by 215% to 850000oz Au. Carbine Resources Limited (ASX:CRB) is pleased to announce tha | |
| Resources: | (Resource, I+I): 37.2Mt @ 0.71g/t Au for 850000oz Au contained at Mount Morgan total | |
| CP/QP: | [Resources]: Chris Newman, M. Abzalov (Internal;Independent) | |
| ABSTRACT: | Carbine Resources Limited (ASX:CRB) is pleased to announce that total JORC Resources at its Mount Morgan gold-copper tailings treatment project in Queensland have increased by 215% to 850,000 oz. The expanded inventory highlights the potential to increase project mine life and production. The Definitive Feasibility Study on Mount Morgan is on track for completion at the end of September. This will be based solely on the Indicated Resource of 394,000oz (ASX: 9 August 2016). The JORC 2012 Mineral Resource for Mount Morgan now stands at 37.2 million tonnes at 0.71g/t for 850,000 ounces of gold, comprised of an Indicated Mineral Resource of 10.2 million tonnes at 1.20g/t for 394,000 ounces of gold and an Inferred Mineral Resource of 27.0 million tonnes at 0.53g/t for 456,000 ounces of gold, using a 0.00 g/t gold cut-off grade (Table 1). This comprises six tailings dumps which make up the project (Table 1 and Figure 1). This new Mineral Resource also includes a total of 7.9 million tonnes of pyrite, 36 thousand tonnes of copper and 49 tonnes of silver. [email protected] www.carbineresources.com.au This Mineral Resource update incorporates new Inferred Mineral Resources for tailings from within the Mount Morgan Open Pit (In-Pit Tailings) and the upper reaches of Sandstone Gully above the present water level. | |
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