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Greenvale Energy Ltd.
Summary
| Project: | Gold Basin | |
|---|---|---|
| Deposit: | Gold Basin | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-10-2019: Greenvale Energy Ltd. announces a Resource Estimation report for its Gold Basin deposit at the Gold Basin project. Initial mineral resource estimate for project. Greenvale Energy Limited (ASX: GRV) is pleased to advise that the JORC Resource f | |
| Resources: | (Resource, Inf.): 8.35Mt @ 1.12g/t Au for 299.8Koz Au contained | |
| CP/QP: | [Resources]: Robin Rankin, Charles Straw (GeoRes;Centric Minerals Management Pty Ltd.) | |
| ABSTRACT: | Greenvale Energy Limited (ASX: GRV) is pleased to advise that the JORC Resource for the Gold Basin oxide gold project in Arizona, USA has been completed and received by the Company. The Resource is the maiden JORC Compliant Resource estimate ever completed for the project and has incorporated the recent drilling completed in May 2019 by Greenvale as well as historical drilling results from previous explorers. The Resource has been estimated for the Cyclopic and Stealth deposits (Figure 1). The Resource has been completed by Bowral, NSW based GeoRes using Minex software (GeoRes Report). The specific details relating to the model have been included in JORC Table 1 and are set out in Appendix 1. The Resource is classified as INFERRED. The maiden JORC Inferred Resource estimates that the total ounces using the lowest cut-off grade of 0.25 g/t gold, which based on other projects in the area using a similar cut-off, for the Cyclopic and Stealth deposits is 360,900 ounces 0.84 g/t gold. | |
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