For thousands of other reports visit RSC's Mineral Intellingence Map

Dundee Precious Metals Inc.

opaxe

Summary

Project:

Timok

Deposit:Timok
Location:Serbia
Commodities:Gold
Date:9/24/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:24-9-2018: Dundee Precious Metals Inc. announces a Resource Estimation report for its Timok deposit at the Timok project. Updated mineral resources at project. Toronto, September 24, 2018 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) i
Resources:(Resource): 46.9Mt @ 1.32g/t Au (Ind.), 2.9Mt @ 0.8g/t Au (Inf.)
CP/QP:[Resources]: Maria O'Connor (CSA Global Pty Ltd.)
ABSTRACT:Toronto, September 24, 2018 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce the results of the updated Mineral Resource estimate for its Timok Gold Project (“Timok”) in Serbia. DPM owns 100% of Timok, which is comprised of the Bigar Hill, Korkan, Korkan West, and Kraku Pester deposits. The addition of significant amounts of oxide and transitional mineralization in the Mineral Resource, coupled with encouraging metallurgical test work results, indicates potential to improve the economics of the project relative to the previous PEA released by Avala Resources Ltd. (“Avala”) in July, 2014 (the “2014 PEA”, filed on SEDAR at www.sedar.com), by applying lower cost processing options. “This updated Mineral Resource is a significant step forward for our Timok gold project” said Rick Howes, President and CEO. “We are excited to further advance this project within our organic growth pipeline.” The estimate was prepared by CSA Global (UK) Ltd (“CSA Global”) and is effective as at May 15, 2018. The Mineral Resource statement for each deposit, and the cut-off grades for each material type, reported using the various cut-off grades, is presented below in Table 1. See Figure 1 for the location map of Timok and Figure 2 for a plan map of the Mineral Resource estimates by deposit. The increase in Indicated Mineral Resources compared to the year-end 2017 Mineral Resource estimate disclosed in DPM’s Annual Information Form dated March 28, 2018 (filed on SEDAR at www.sedar.com) is attributable to updated interpretations of the oxide and transitional weathering domains and new metallurgical inputs related to processing oxide and transitional mineralization. The inclusion of oxide and transitional mineralization within the conceptual pit optimisation study has lowered reporting cutoffs, which in turn has increased constrained Mineral Resources. Net changes in Indicated Mineral Resources compared to the 2017 Mineral Resource estimate show an increase of 12 million tonnes and 280,000 ounces of gold. Corresponding percentage increase are 35% in tonnes and 16% in contained ounces of gold.

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