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DRDGOLD Ltd.
Summary
| Project: | Ergo | |
|---|---|---|
| Deposit: | Ergo | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 2/2/2017 | |
| Report Code: | SAMREC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-2-2017: DRDGOLD Ltd. announces a Resource Estimation report for its Ergo deposit at the Ergo project. Annual statement of mineral resources and ore reserves. DRDGOLD is pleased to announce its revised Mineral Resources and Mineral Reserves statement. D | |
| Resources: | (Reserve, P+P): 3121.58Mt @ 0.30g/t Au for 3.01Moz Au contained | |
| CP/QP: | [Resources]: Mpfariseni Mudau (RVN Group Pty Ltd.) | |
| ABSTRACT: | DRDGOLD is pleased to announce its revised Mineral Resources and Mineral Reserves statement. DRDGOLD is a low-risk South African gold producer recovering gold from the retreatment of surface tailings. It owns a wide range of gold-bearing tailings dumps and dams across the Central Witwatersrand gold field. These are operated as a single entity and DRDGOLD is focused on optimising them to increase gold production. To this extent, DRDGOLD began a drilling programme and pre-feasibility study (“PFS”) in September 2016 aimed at re-evaluating its surface gold tailings. The PFS focused on tailings on the East Rand, to the east of the ERGO Mining Proprietary Limited (“ERGO”) plant, with the aim of adding these to the mineral reserve base. Mineral Resources as at 31 December 2016 included an increase of 99.4Mt from new surface sources and upgrades, offset by a mining depletion of [email protected]/t and [email protected]/t based on the reevaluation of the Elsburg Tailings Complex. Mineral Resources that have been upgraded had good historical data but required infill drilling and confirmation of grades and volumes in order to upgrade the Inferred or Indicated Mineral Resources to an Indicated or Measured Mineral Resource. Additions to the Mineral Resources are from dams which have always been included under the DRDGOLD mineral rights, but which have not been previously included in Mineral Resources due to a lack of exploration drilling. | |
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