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Los Cerros Ltd.
Summary
| Project: | Quinchia | |
|---|---|---|
| Deposit: | Dosquebradas | |
| Location: | Colombia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 2/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-2-2020: Los Cerros Ltd. announces a Resource Estimation report for its Dosquebradas deposit at the Quinchia project. Updated Mineral Resource Estimate for the Quinchia Project. Los Cerros Limited (ASX: LCL) (the Company) recently commissioned a review | |
| Resources: | (Resources, Inf.): 20.2Mt @ 0.74g/t Au, 0.7g/t Ag, 0.06% Cu at Dosquebradas | |
| CP/QP: | [Resources]: Scott E. Wilson (Resource Development Associates Inc.) | |
| ABSTRACT: | Los Cerros Limited (ASX: LCL) (the Company) recently commissioned a review of the Dosquebradas gold deposit as part of the Company’s broader review of the Quinchia Project. Dosquebradas is a near surface gold-copper deposit situated ~3km from the established gold Resource of 877,000 ounces at the Company’s Miraflores deposit (DFS completed in 2017)1, (Figure 1 and Table 2), and 1.5km from the advanced La Cumbre deposit owned by Batero Gold (TSX-V: BAT)2. The review included the conversion of a resource, previously calculated under Canadian NI 43-101 standards by TSX-V listed Seafield Resources Ltd in 2011 to an Inferred Resource compliant with ASX JORC 2012 standards (Table 1). The Resource author, Resource Development Associates Inc. (RDA) has recommended a cut-off grade of 0.50 gpt Au for the estimation of Inferred Mineral Resources at Dosquebradas. Table 1 shows the selected Mineral Resource at 0.50 gpt Au. Lower cut-off grades are included to demonstrate the sensitivity of the deposit to varying cut-off grades. | |
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