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Deccan Gold Mines Ltd.
Summary
| Project: | Ganjur | |
|---|---|---|
| Deposit: | Ganjur | |
| Location: | India | |
| Commodities: | Gold | |
| Date: | 9/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-9-2016: Deccan Gold Mines Ltd. announces a Resource Estimation report for its Ganjur deposit at the Ganjur project. Resource defined as part of ongoing feasibility study. Snowden Mining Industry Consultants (Snowden) carried out the Mineral Resource es | |
| Resources: | (Resource, M+Ind): 2.7Mt @ 3.4g/t Au | |
| CP/QP: | [Resources]: Lynn Olssen, Lindsay Farley (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Snowden Mining Industry Consultants (Snowden) carried out the Mineral Resource estimate for the Ganajur project during August 2016. The August 2016 Ganajur Mineral Resource estimate was classified and reported in accordance with the 2012 JORC Code. Snowden’s assessment of the Table 1 criteria that were considered when classifying the Ganajur Mineral Resource estimate in accordance with the 2012 JORC Code guidelines are detailed in Appendix A. The gold mineralisation is epigenetic in nature but strata-bound because it is confined to the cherty iron formation. The main gold zones form a moderately to steeply dipping tabular body trending northwest to north-northwest and dipping northeast. Deccan carried out the geological interpretation using the geological logging of the chert domain and the Au assays at a nominal 0.3 g/t cut-off to define the mineralised envelopes. The mineralised domain is typically restricted to the chert with 1 m to 2 m of halo mineralisation in places, and occasional small areas of unmineralised chert. Estimation of Au, As, Cu, Pb, sulphide sulphur (SS), and Zn was completed using ordinary block kriging with hard domain boundaries. Top cuts were not applied to Au due to the low coefficient of variation (CV) of 1.05 and 1.08 for the oxide and sulphide ore domains, respectively, and lack of outliers. Top cuts were applied to SS in the oxide mineralised domain and As in the sulphide mineralised domain. Grade estimation was completed using Datamine Studio 3 (Datamine) software. A block model was constructed using a parent block size of 10 mE by 10 mN by 5 mRL based on half the nominal drillhole spacing along with an assessment of the grade continuity. The search ellipse orientation and radius was based on the results of the grade continuity analysis, with the same search neighbourhood parameters used for all elements to maintain the metal balance and correlations between elements. | |
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