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Geopacific Resources Ltd.
Summary
| Project: | Kou Sa | |
|---|---|---|
| Deposit: | Prospects 150, 160 | |
| Location: | Cambodia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 7/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 6-7-2016: Geopacific Resources Ltd. announces a Resource Estimation report for its Prospects 150, 160 deposit at the Kou Sa project. Initial mineral resource estimate for Kou Sa project. The Board of Geopacific Resources Limited (“Geopacific”) is pleased | |
| Resources: | (Resource, I+I): 3.84Mt @ 0.77% Cu, 0.66g/t Au, 5.27g/t Ag (1.33% CuEq.) at a 0.4% Cu cut-off | |
| CP/QP: | [Resources]: Jonathon Abbott (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | The Board of Geopacific Resources Limited (“Geopacific”) is pleased to provide an update on the Kou Sa Project in Cambodia, which includes the initial, 2012 JORC Code compliant resource estimate of copper and gold at Prospects 150 and 160. Geopacific has been working towards the goal of completing a resource and scoping study sufficient to take Kou Sa into production – with revenue generated from production intended to support exploration expansion of the project. As a measure to gauge initial inventory of mineralisation at Kou Sa, Geopacific has completed a resource estimate on the currently defined mineralisation at the Prospect 150 and 160 areas, where drilling continues. These areas form part of the overall inventory of the Kou Sa Project with further resources to be calculated for the Prospect 100, 117, 128 and 190 areas, when drilling has sufficiently delineated these areas. The “starter operation” currently envisaged is a 750,000 tpa conventional flotation plant, producing circa 10,000t per annum of copper equivalent in concentrate with an initial mine life of seven years. The initial resource of 51,000t of contained copper equivalent is well on the way to achieving this “starter operation”. | |
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