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Kingsgate Consolidated Ltd.
Summary
| Project: | Nueva Esperanza | |
|---|---|---|
| Deposit: | Nueva Esperanza | |
| Location: | Chile | |
| Commodities: | Silver-Gold | |
| Date: | 10/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-10-2017: Kingsgate Consolidated Ltd. announces a Resource Estimation report for its Nueva Esperanza deposit at the Nueva Esperanza project. Annual statement of ore reserves and mineral resources, unchanged since previous year. Kingsgate Consolidated Lim | |
| Resources: | (Reserve, Prob.): 17.1Mt @ 0.5g/t Au, 87g/t Ag for 0.3Moz Au, 47.8Moz Ag contained at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Kingsgate Consolidated Limited (ASX:KCN) (“Kingsgate” or the “Company”) wishes to advise that it has updated its Mineral Resources and Ore Reserves for the period ending 30 June 2017. The update takes into account mining depletion and current economic and operational assumptions. Reflecting the importance of silver, Mineral Resources and Ore Reserves are quoted for gold, silver, and on a gold equivalent and silver equivalent basis (AuEq and AgEq respectively). The Mineral Resource and Ore Reserve estimates have not changed from the previously reported ASX announcements titled “Nueva Esperanza Resource Update” published 14 April 2016, and the “Nueva Esperanza Pre-Feasibility Study” published 14 April 2016. The Mineral Resource and Ore Reserve estimates have been reported according to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012). Supporting information including Table 1 for the Nueva Esperanza Resource and Reserves can be found in the ASX:KCN releases mentioned above. | |
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