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Project: | Mon Ami | |
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Deposit: | Mon Ami | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 11/7/2018 | |
Report Code: | JORC | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 7-11-2018: Great Southern Mining Ltd. announces a Resource Estimation report for its Mon Ami deposit at the Mon Ami project. Initial mineral resource estimate for Mon Ami. Great Southern Mining Limited (“GSN” or “the Company”) is pleased to announce a new | |
Resources: | (Resource, Inf.): 1.1Mt @ 1.7g/t Au for 59Koz Au contained | |
CP/QP: | [Resources]: Michael Cunningham (SRK Consulting (Australasia) Pty Ltd.) | |
ABSTRACT: | Great Southern Mining Limited (“GSN” or “the Company”) is pleased to announce a new gold discovery and maiden JORC 2012 Mineral Resource estimate (“MRE”) at its Mon Ami Gold Project (“Mon Ami” or “the Project”). Mon Ami is 100% owned by GSN and is located 25km south-east of Laverton, WA (Figure 1). The gold discovery and maiden MRE has been estimated using a 1.0 g/t gold cut-off for the deposit and is reported as follow The Company engaged the services of mining consultancy firm SRK Consulting Pty Ltd (SRK) to undertake the MRE for the Project. The discovery and the MRE of 1.1 Mt @ 1.7 g/t for 59,000 oz’s is an exceptional result given the limited drilling undertaken by GSN since Mon Ami was acquired in March 2018. Careful management of costs has allowed GSN to achieve a discovery cost per resource ounce of less than $15/oz. The results to date highlight the potential for the MRE to increase and be upgraded to a higher degree of confidence once further drilling is undertaken as the deposit remains open at depth and along strike. Further, some of the mineralisation captured within the current model remains unclassified and has been excluded from the MRE as a consequence of cut-off, drill spacing and depth. Specifically the MRE excludes a number of holes from GSN’s maiden drilling program which noted mineralisation below 150m (refer to the ASX announcement of 16 July 2018). Metallurgical test work and mining studies are also underway. Having received approval for the second drilling campaign GSN plans to undertake an extensive infill and extensional drilling aimed at increasing the understanding of the deposit and its potential. | |
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