For thousands of other reports visit RSC's Mineral Intellingence Map
Fiore Gold Ltd.
Summary
| Project: | Pan Mine | |
|---|---|---|
| Deposit: | Pan Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-12-2018: Fiore Gold Ltd. announces a Resource Estimation report for its Pan Mine deposit at the Pan Mine project. Updated mineral resource estimate at the project. Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “C | |
| Resources: | (Resource, M+I): 27.609Mt @ 0.49g/t Au for 432Koz Au contained | |
| CP/QP: | [Resources]: Andre Deiss (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Vancouver, British Columbia – FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) (“Fiore” or the “Company”) is pleased to announce an updated resource estimate for its Pan open pit mine in White Pine County, Nevada following the completion of the 2018 resource expansion drilling program. The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million tonnes grading 0.45 g/t containing 110,000 ounces of gold (Table 1). The updated resource estimate has resulted in almost complete replacement of approximately 19 months of mining depletion in the M+I category, and the addition (net of depletion) of approximately 38,000 gold ounces in the Inferred category (Table 2). Tim Warman, Fiore’s CEO commented, “Our goal for the 2018 Pan Mine drilling program was to build the resource base as a first step in extending the mine life of our flagship asset. Having accomplished the first part of this goal, we have begun work on an updated life of mine plan and schedule based on the updated resource estimate. The updated mine plan, which is expected in early 2019, will focus on exploiting the updated resources to extend the current mine life while reducing the strip ratio, particularly in the latter half of FY/2019. The 2018 drilling program also highlighted several areas in the vicinity of the Pan North Pit where mineralization remains open with the potential to further increase the near-mine resource base with additional drilling. Numerous additional targets remain to be tested along strike from the existing Pan deposit.” | |
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