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MacPhersons Resources Ltd.
Summary
| Project: | Nimbus-Boorara | |
|---|---|---|
| Deposit: | Boorara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 29-7-2016: MacPhersons Resources Ltd. announces an Exploration/Drilling Update report for its Boorara deposit at the Nimbus-Boorara project. Drilling results incl. 16m @ 2.77g/t Au from 2m. MacPhersons Resources (ASX: MRP) is pleased to advise that it is | |
| Resources: | (Reserve, P+P): 4.349Mt @ 0.99g/t Au for 138508oz Au contained at Boorara | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | MacPhersons Resources (ASX: MRP) is pleased to advise that it is planning to commence trial mining at the Boorara gold deposit, subject final DMP approval. The aim of the Boorara trial mining operation is to enable accurate resource, mining and milling reconciliations to be undertaken on the deposit that is part of the current feasibility study. A successful trial mining operation will give the MRP board confidence to advance the Boorara gold deposit into full scale production. Reverse circulation grade control drilling has been completed on close spaced 4 m x 4 m pattern over the majority of proposed trail pit design, the remainder of the grade control drilling is expected to be completed by the end of July. Based on drilling to date MRP is confident that approximately 20,000 tonnes of ore grading 1.8 g/t gold (diluted tonnes and grade) and up to 10,000 tonnes of low grade ore grading 0.6 g/t gold (diluted tonnes and grade) will be extracted from within the trial pit design producing up to 1,200 ounces of gold (based on 93% recovery). Metallurgical testwork on the trial pit grade control samples has indicated a recovery of 97.7%. The PMP was submitted to the DMP in early July 2016 and approval is expected to take 6 weeks. The PMP contains details on the mining method, trucking route, waste dump and office location. It also outlines the required MRP safety management system. The PMP is the final regulatory approval required before commencement of mining. A small team of experienced open pit mining professionals have been engaged to undertake the trial mining activities; these staff are well known to MRP. Kalgoorlie based mining contractor MLG Oz Pty Ltd has been engaged to undertake the trial mining using a mining fleet consisting of a 90 tonne excavator, 3 x 40 tonne articulated trucks, bulldozer, grader and water cart. | |
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