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Crusader resources Ltd.
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Querosene, Dona Maria | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 12/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 22-12-2016: Crusader resources Ltd. announces a Resource Estimation report for its Querosene, Dona Maria deposit at the Juruena project. Upgraded mineral resource estimate for Juruena project. Brazil-focused gold development company Crusader Resources (AS | |
| Resources: | (Resource, I+I): 1282650t @ 6.3g/t Au for 260900oz Au contained at Juruena | |
| CP/QP: | [Resources]: Lauritz Barnes, Aidan Platel (Independent) | |
| ABSTRACT: | Brazil-focused gold development company Crusader Resources (ASX:CAS) (“Crusader” or “The Company”) is pleased to announce an updated JORC-compliant mineral resource estimate for its wholly-owned Juruena Gold Project has delivered a significant increase in grade at the Querosene and Dona Maria prospects. Total combined JORC compliant indicated and inferred resources for Querosene, Dona Maria and Crentes are now estimated at 1.28 million tonnes at 6.3 grams per tonne gold for 260,900 ounces. The updated mineral resource estimates for Querosene and Dona Maria include 100,000t @ 18.3 g/t for 58,300oz in the Indicated category. Crusader’s Managing Director Rob Smakman commented: “Drilling in 2016 was focused on increasing our confidence in the resource estimate and we are delighted to have converted a significant portion of the near-surface, high-grade resources at both Querosene and Dona Maria into the indicated category. The significant increase in grade across the deposits was a pleasant surprise and results from the spectacular drilling we reported during 2016. What is also important to note is that there is still significant upside at both Querosene and Dona Maria as they are both open at depth and along strike. We have no doubt that the project has been significantly enhanced by the work completed during 2016 and we look forward to completing the Scoping Study on the project, expected in early 2017.” | |
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