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Ferrum Crescent Ltd.
Summary
| Project: | Toral | |
|---|---|---|
| Deposit: | Toral | |
| Location: | Spain | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 1/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2018: Ferrum Crescent Ltd. announces a Resource Estimation report for its Toral deposit at the Toral project. Initial Inferred Mineral resource for the Toral Project. FCR, the European lead-zinc explorer, is pleased to announce a maiden independent M | |
| Resources: | (Resource, Inf.): 16Mt @ 4% Zn, 3.3% Pb, 25g/t Ag at project | |
| CP/QP: | [Resources]: J.N. Hogg (Addison Mining Services Ltd.) | |
| ABSTRACT: | FCR, the European lead-zinc explorer, is pleased to announce a maiden independent Mineral Resource Estimate completed in accordance with JORC (2012) in respect of the Company’s 100% owned Toral lead-zinc project, located in the Province of Leόn, Spain. “Following our strategic review and subsequent restructuring during 2017, the Company has now delivered a maiden JORC 2012 resource estimate for its promising Toral lead, zinc and silver project. By pursuing a systematic data review process and engaging an experienced independent consultant, this important maiden resource has been established which includes new silver credits not previously factored into the historic block models. “Our immediate objective now is to build on this maiden JORC resource estimate and increase its size and thereafter carry out a preliminary economic assessment. Having said that, I have no doubt that our project is well positioned against its peer group with the clear potential to become a future mining operation. “During the coming months we intend to carry out review work and present this project to our shareholders, major mining companies and the general zinc-trade sector in order to maximise exposure to what is a potential new major zinc-lead opportunity.” “This maiden resource estimate is an outstanding result for the Company and provides us with a strong platform to rapidly progress the project. The addition of silver represents a significant potential contribution to the overall project economics and as we progress our work I am sure its presence will impact favourably on financial models. | |
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