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Crusader resources Ltd.
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Tatu NE | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 11/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 23-11-2016: Crusader resources Ltd. announces an Exploration/Drilling Update report for its Tatu NE deposit at the Juruena project. Drilling results incl. 37m @ 3.71g/t Au from 132m. Drilling at the Juruena project has intersected multiple zones of minera | |
| Resources: | (Resource, Inf.): 1.3Mt @ 5.6g/t Au for 233.9Koz Au contained at Juruena | |
| CP/QP: | [Overall Report]: Robert Smakman (Internal) | |
| ABSTRACT: | Drilling at the Juruena project has intersected multiple zones of mineralisation at the Tatu and Tatu NE prospects (formerly known as the Tomate prospect). Seven holes have been completed into the Tatu and Tatu NE zones as part of Crusader’s ongoing development of the Juruena Gold Project, which is expected to host multiple ore bodies. Crusader is currently updating the existing mineral resource estimate over the Dona Maria and Querosene prospects and expects Juruena to continue to grow into multiple prospects feeding into a central processing facility. Seven holes (for 947m) were completed in and around the Tatu and Tatu NE garimpo which has been previously mined as both an open pit and underground operation. Four holes (for 507m) were also completed at the Mauro prospect, where very broad, lower grade gold was intercepted in most of the holes. Crusader is completing a Scoping Study for the Juruena Project, based around high-grade resources (currently inferred at 180koz @ 12.1 g/t Au - mineral resource update pending) for the Dona Maria and Querosene prospects. Tatu and Tatu NE are located close to the proposed plant location and with additional successful drilling may provide valuable feed over time, adding significantly to overall project economics. Crusader’s exploration strategy of increasing the resource base through drilling at known and new targets is designed to create a series of mineable resources that are high grade, close to surface and amenable to treatment in a central processing facility. | |
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