For thousands of other reports visit RSC's Mineral Intellingence Map
Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 13-9-2017: Explaurum Ltd. announces a Resource Estimation report for its Tampia deposit at the Tampia project. Increase in mineral resource by 125% . Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce an updated Mineral | |
| Resources: | (Resource, Total): 11.318Mt @ 1.91g/t Au for 695000oz Au contained (0.5g/t Au cut-off) | |
| CP/QP: | [Resources]: Rene Sterk (RSC Global Pty Ltd.) | |
| ABSTRACT: | Explaurum Limited (“Explaurum” or the “Company”) (ASX:EXU) is pleased to announce an updated Mineral Resource estimate based on the recently completed RC drilling program at the Tampia Gold Project (reported on 12 April, 5 May, 13 June, 5 July, 7 August 2017 and 2 August 2017), located 300km east of Perth near the wheat belt township of Narembeen (“Tampia”). The Mineral Resource estimate for Tampia was updated in April 2015 to include historic drilling, early drilling results by EXU and measured structural trends. This estimate gave a total Mineral Resource in the inferred category of 4,700,000 tonnes at 2.0 g/t Au (cut to 40 g/t Au), containing 310,000 ounces at a 1.0 g/t Au cut-off. Since that time a total 287 RC holes for 36,339m were drilled using a 40m by 40m drill spacing covering an area 1,040m along strike by 550m down dip to a depth of 140m (Figure 1) and are the basis for the new Mineral Resource estimate. The new Mineral Resource estimate is an increase of 125% in contained gold compared to the estimate in 2015, containing 11,318,000 tonnes at 1.91 g/t Au for 695,500 ounces of gold at a 0.5 g/t Au cut off. The new Resource estimate comprises 620,500 ounces in the Indicated category and 75,000 ounces in the Inferred category, exceeding the target Mineral Resource assumed for the Scoping Study announced in September 2016. The new Mineral Resource estimate for the Tampia project is reported at a 0.5 g/t Au cut off as this cut off more accurately reflects the economic potential of the project based on the results of the Scoping Study. | |
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