For thousands of other reports visit RSC's Mineral Intellingence Map
Coppermoly Ltd.
Summary
| Project: | Mt Nakru | |
|---|---|---|
| Deposit: | Mt Nakru | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 2/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2019: Coppermoly Ltd. announces a Resource Estimation report for its Mt Nakru deposit at the Mt Nakru project. Upgraded mineral resource estimate at the project. Coppermoly Ltd (ASX:COY) has defined a maiden Indicated Resource Estimate and a 16% incr | |
| Resources: | (Resource, I+I): 41.39Mt @ 0.75% Cu, 0.23g/t Au, 1.59g/t Ag | |
| CP/QP: | [Resources]: Ian Taylor (Mining Associates Pty Ltd.) | |
| ABSTRACT: | Coppermoly Ltd (ASX:COY) has defined a maiden Indicated Resource Estimate and a 16% increase in the total Indicated and Inferred Mineral Resource at its flagship Mt Nakru Project located in West New Britain, Papua New Guinea. The maiden Indicated Resource totals 7.03 Mt grading 1.00% Cu, 0.28 g/t Au and 1.81 g/t Ag for 70kt contained Cu, 64 koz Au and 409 Koz Ag. The total Inferred plus Indicated Resource has been expanded to 41.39 Mt grading 0.75% Cu, 0.23 g/t Au and 1.59 g/t Ag for 309 kt Cu, 300 koz Au and 2,100 Koz Ag at a cut-off grade of 0.3% Cu. The previous 2017 resource totalled 29.1 Mt with a grade of 0.92% Cu, 0.22 g/t Au and 2.25 g/t Ag for 267 Kt contained Cu, 208 Koz Au and 2,100 Koz Ag. The updated Mineral Resource was estimated by independent mining consultancy Mining Associates Pty Ltd following an in-fill drilling program completed in November 2018. Coppermoly Director, Dr Wanfu Huang, said the definition of the maiden Indicated resource was a significant milestone in the development of the Mt Nakru Project. "This is a significant resource at Mt Nakru, with the level of confidence now increased to indicated category, which has the capacity to underpin feasibility studies in the future. We expect further drilling to expand the size and quality of the deposits at Mt Nakru since both prospects are open in multiple directions." | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report