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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Bermejal Underground | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 12/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-12-2017: Leagold Mining Corp. announces a Resource Estimation report for its Bermejal Underground deposit at the Los Filos project. Bermejal Underground mineral resource update. Vancouver, December 22, 2017 – Leagold Mining Corporation (TSX:LMC; OTCQX: | |
| Resources: | (Resource, M+I): 10.78Mt @ 5.97g/t Au, 21.51g/t Ag | |
| CP/QP: | [Resources]: Gilles Arseneau (SRK Consulting) | |
| ABSTRACT: | Vancouver, December 22, 2017 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reports an update of the Bermejal Underground mineral resource estimate containing Measured and Indicated resources of 10.8 million tonnes at a grade of 6.0 grams per tonne (“gpt”) for 2.07 million ounces, plus Inferred resources of 4.6 million tonnes at a grade of 4.8 gpt for 0.70 million ounces (Table 1). The database used for the updated estimate includes an additional 42 drill holes from the 2017 drill program, as compared to the mineral resource estimate reported on October 16, 2017. The majority of the additional drill holes were infill as reflected in the movement of Inferred resources to Indicated and Measured classification. The drill program was completed on December 12, 2017 and the results of the final 22 holes will be included in a year-end resource estimate for Bermejal Underground to be reported in January 2018. Neil Woodyer, CEO stated: “A Measured and Indicated mineral resource of 2.1 million ounces provides a sound basis for preparation of mine design and mineral reserves. We continue our development program for Bermejal Underground and the ramp has advanced to 204 metres as of December 22, 2017.” | |
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