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Carnaby Resources Ltd.
Summary
| Project: | Tick Hill | |
|---|---|---|
| Deposit: | Tick Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2020: Carnaby Resources Ltd. announces a Scoping Study report for its Tick Hill deposit at the Tick Hill project. Amended scoping study results for project. Carnaby Resources Limited (ASX: CNB) (‘Carnaby’ or ‘Company’) refers to its ASX Announcement | |
| Resources: | (Resources, I+I): 837kt @ 2.47g/t Au | |
| CP/QP: | [Resources]: Paul Tan, Robert Watkins (Internal) | |
| ABSTRACT: | Carnaby Resources Limited (ASX: CNB) (‘Carnaby’ or ‘Company’) refers to its ASX Announcement dated 11 March 2020 titled “TICK HILL GOLD PROJECT Compelling Scoping Study Results” and provides an amended announcement. Carnaby Resources Limited (ASX: CNB) (‘Carnaby’ or ‘Company’) is pleased to announce the results from a Scoping Study into the potential commercialisation of the 100% owned Tick Hill Gold Project. The Mineral Resources for the proposed production used in the Scoping Study are based on an optimised open pit cutback of the historical 70 m deep Tick Hill open pit and reprocessing of the high grade East Paddock Tick Hill tailings Dam. The Mineral Resource production target is summarised in the following table and detailed below. The Scoping Study Mineral Resource production target is after dilution and mining recovery factors of 10% dilution and 95% mining recovery of Open Pit Indicated Resources and 20% dilution and 50% mining recovery of Inferred Resources. Inferred Resources make up 16% of the production target. | |
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