For thousands of other reports visit RSC's Mineral Intellingence Map
Egan Street Resources Ltd.
Summary
| Project: | Rothsay | |
|---|---|---|
| Deposit: | Rothsay | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 4-12-2017: Egan Street Resources Ltd. announces a Resource Estimation report for its Rothsay deposit at the Rothsay project. Mineral Resource update increases oz's by 17%. Egan Street Resources Limited (ASX: EGA) is pleased to announce that its strategy t | |
| Resources: | (Resource, I+I): 880Kt @ 10.9g/t Au for 307koz Au contained at project | |
| CP/QP: | [Resources]: Mark Zammit (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Egan Street Resources Limited (ASX: EGA) is pleased to announce that its strategy to develop a high-grade gold operation at its 100%-owned Rothsay Gold Project in WA’s Midwest region (Figure 1) has received a significant boost, with the total Mineral Resources increasing 17 per cent to 307,000oz (as per JORC 2012). The increased Mineral Resource estimate (MRE) comprises 880,000 tonnes at 10.9g/t, reflecting the outstanding high-grade nature of Rothsay and therefore its strong potential to be a low-cost, high-margin project which can deliver robust financial returns. Egan Street Managing Director Marc Ducler said there was substantial scope for further increases in the inventory in the short-term. “This is a strong result, particularly given that it is early days for the Woodley’s East discovery and that there are a number of shallow and hence low-cost gaps in the data to fill in this updated Resource, with drilling continuing in these areas,” he said. “It is also important to note that the average grade of the Resource remains an exceptionally-high 10.9g/t Au. “This interim Resource update continues to underpin our strategy to develop a project with low costs, high margins and strong financial returns, rather than just maximizing tonnes and ounces. | |
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