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KGL Resources Ltd.
Summary
| Project: | Jervois | |
|---|---|---|
| Deposit: | Jervois | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 1/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2019: KGL Resources Ltd. announces a Resource Estimation report for its Jervois deposit at the Jervois project. Updated mineral resources estimate at project. The update of the Mineral Resource Estimates at Jervois resulted in a significant improveme | |
| Resources: | (Resource, I+I): 25.8Mt @ 1.49% Cu, 27.1g/t Ag for 385.2Kt Cu, 22.5Moz Ag | |
| CP/QP: | [Resources]: Simon Tear (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | The update of the Mineral Resource Estimates at Jervois resulted in a significant improvement in resource quality and confidence mainly due to a substantial amount of Inferred Resources being converted to Indicated Resources at the Rockface deposit. Indicated Copper Resources at Jervois increased by 25.4% from 153,700 tonnes to 192,800 tonnes. This now comprises more than half of the total Copper Resources at Jervois which have increased marginally from 384,800 tonnes to 385,200 tonnes. Indicated Resources for Silver increased in the conversion from Inferred to Indicated categories during the update – by 5.4% from 9.2 Moz to 9.7 Moz silver. The combined Inferred and Indicated Silver Resources increased slightly from 22.4 Moz to 22.5 Moz silver. The infill drilling at Rockface brought in more peripheral lower grade mineralisation which caused the small decline in average copper and silver grades. However, the average grade of copper in the Indicated category increased by 9% to 1.52% copper. | |
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