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Cleveland Mining Company Ltd.
Summary
| Project: | O Capitao | |
|---|---|---|
| Deposit: | Lavra | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 8/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-8-2016: Cleveland Mining Company Ltd. announces an Exploration/Drilling Update report for its Lavra deposit at the O Capitao project. Drilling results incl. 4m @ 13.65g/t Au from 36m. Cleveland Mining Company Ltd (ASX: CDG) is pleased to provide detail | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Mendelawitz (Internal) | |
| ABSTRACT: | Cleveland Mining Company Ltd (ASX: CDG) is pleased to provide details of in-fill drilling into the “Saddle” area of the O Capitão Lavra prospect, in Goias State Brazil. Additionally, to accompany the previously announced Installation Permit which had allowed initial earthworks to commence, the Company has now been granted the Operating Permit which allows it to mine and process ore. The Lavra prospect is located within Cleveland’s O Capitão project, itself located approximately 10km north of the company’s Premier milling facility. In-fill RAB drilling now shows that a broad envelope of mineralisation, including significant high grade intersections, exists from surface. The distribution of the mineralisation is irregular in the mineralised envelope due to previous depletion and backfilling by historic Garimpeiro (artisanal) miners and the “nuggetty” nature of the gold. These results now demonstrate the potential for more mineralisation to be present than previously thought. To both better understand the mineralisation, and to extract the gold from the area, the Company has begun by excavating approximately 2,000 tonnes of material to process as a bulk sample. This material has been trucked to Premier and is currently being processed. The Company previously reported that mining of Lavra had been delayed in part because initial RC drilling into the “Saddle” area had demonstrated poorer than expected results. In addition the Company had been restricted from mining deeper mineralisation until the Operating Permit was received. With the latest drilling results and the Operating Permit in hand, Cleveland will now be able to target both shallow and deeper ore. | |
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