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Era Resources Inc.
Summary
| Project: | Yandera | |
|---|---|---|
| Deposit: | Yandera | |
| Location: | Papua New Guinea | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 12/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-12-2016: Era Resources Inc. announces a Resource Estimation report for its Yandera deposit at the Yandera project. Updated mineral resource estimate for project. This report has been prepared pursuant to the requirements of Canadian National Instrument | |
| Resources: | (Resource, M+I): 728Mt @ 0.33% Cu, 0.01% Mo, 0.10ppm Au | |
| CP/QP: | [Resources]: J. B. Pennington, Justin Smith (SRK Consulting (US) Inc.) | |
| ABSTRACT: | This report has been prepared pursuant to the requirements of Canadian National Instrument 43‐101 – Standards of Disclosure for Mineral Projects (NI 43‐101). This report is an Updated Resource Estimate (Technical Report on Resources) for Era Resources, Inc. (Era) by SRK Consulting (U.S.), Inc. (SRK) on the Yandera Copper Project (Yandera or Project) located in Madang Province, Papua New Guinea (PNG). This report provides mineral resource estimates, and a classification of resources prepared in accordance with the Canadian Institute of Mining (CIM) Metallurgy and Petroleum, Standards on Mineral Resources and Reserves: Definitions and Guidelines, May 10, 2014. This 2016 mineral resource estimate follows 8,919 m (43 holes) of new resource drilling carried out in 2016. The project is being advanced rapidly toward prefeasibility, with engineering studies related to mining, processing and infrastructure being conducted in parallel with 2016 exploration drilling. This 2016 Measured and Indicated copper-equivalent (CuEq) resource estimate for Yandera represents an update of the 2015 resource estimate. | |
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