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Centennial Mining Ltd.
Summary
| Project: | A1 Gold Mine | |
|---|---|---|
| Deposit: | A1 Gold Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2018: Centennial Mining Ltd. announces a Resource Estimation report for its A1 Gold Mine deposit at the A1 Gold Mine project. Updated mineral resource estimate at the project. Centennial Mining Limited (ASX: CTL) (Centennial or the Company) is please | |
| Resources: | (Resource, total): 1.260Mt @ 6.13 Au ppm for 249Koz Au contained | |
| CP/QP: | [Resources]: Stuart Hutchin (Mining One Consultants Pty Ltd.) | |
| ABSTRACT: | Centennial Mining Limited (ASX: CTL) (Centennial or the Company) is pleased to announce an update to the Mineral Resource Estimate for its 100% owned A1 underground gold mine in Victoria (A1 Gold Mine). Mining One Pty Ltd (Mining One) was engaged to complete a Mineral Resource estimate for area between the 1400mRL and 1260mRL levels of the A1 Gold Mine using recent and updated drilling and geological information. This area of the mine is expected to provide up to two years’ worth of long-hole stoping ore to support the Company’s development and mining activities. This data was supplemented by the historic CSA Global Mineral Resource estimate model to provide data from the surface to the 1400mRL level (less mine depletion) and below the 1260mRL level (refer to CTL ASX Announcement dated 12 May 2014). Centennial’s Executive Chairman, Mr Dale Rogers commented, “ The restatement of the Mineral Resource is the first step in scoping out a definitive mining plan of +5 years at the A1 Mine. Further drilling as development progresses has the potential to increase the present mineral inventory. It is evident, from the past month of ore development at the A1 Gold Mine, that the Victory North area is significantly larger than was modelled for incorporation in this Resource update. With this in mind we will be re-commencing drilling in the Victory North area shortly to further improve geological knowledge. Present indications are we have at least two years of gold production ahead of us between the 1400 and 1260 mRL’s at an improved grade and confidence level. This is expected to grow as we drill deeper below the current mine development.” | |
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