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Cleveland Mining Company Ltd.
Summary
| Project: | Premier | |
|---|---|---|
| Deposit: | Premier East, Premier West, Vanuza, Mine Gate | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-9-2016: Cleveland Mining Company Ltd. announces an Exploration/Drilling Update report for its Premier East, Premier West, Vanuza, Mine Gate deposit at the Premier project. Drilling results incl. 2m @ 7.45g/t Au from 25m at Premier East. Cleveland Minin | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Mendelawitz (Internal) | |
| ABSTRACT: | Cleveland Mining Company Ltd (ASX: CDG) is pleased to provide an update on first pass drilling at the Company’s Premier Gold Mine JV in Goias State, Brazil. Whilst the majority of the Company’s current resource expansion program is being undertaken on the Lavra and Dona Maria prospects, limited, but highly significant work, has been ongoing at Premier East and Mine Gate / Vanuza, as well as some initial holes drilled at Premier West. Premier East is the eastern strike extent of the Premier mine host lithology. The Company set a target of 26,000 ounces of JORC compliant resources from Premier East and Premier West as part of a plan to increase the resource base to approximately 300,000 ounces across the project to support 5 – 6 years of mining. An initial program of fourteen holes were drilled into Premier East. Drill hole PGPRC00267 was sited approximately 200m northeast from the Pit 3 open cut (see figure 2), returning 2m @ 7.45 g/t Au from 25m. Other results received so far demonstrate that mineralisation is present across the 360m strike tested to date. The drilling confirms the correlation with high grade surface samples up to 41.70 g/t, previously taken by Cleveland. The depths and tenor of the mineralisation recorded so far, provides confidence that the area offers potential for fast-tracked mine development within the existing mine infrastructure, though more drilling is required to determine if the mineralisation is cohesive and economic for open pit mining. | |
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