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Metaliko Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Cockburn | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 1-9-2016: Metaliko Resources Ltd. announces a Resource Estimation report for its Cockburn deposit at the Yandal project. Updated resource estimate and optimisation studies at Cockburn prospect. Independent Resource and Optimisation studies completed on th | |
| Resources: | (Resource, I+I): 5.59Mt @ 1.94g/t Au for 349185oz Au contained at Cockburn | |
| CP/QP: | [Resources]: David O'Farrell, Simon Coxhell (Not stated;CoxsRocks Pty Ltd.) | |
| ABSTRACT: | Independent Resource and Optimisation studies completed on the Cockburn prospect. The Cockburn prospect has been on care and maintenance since mining was terminated in March 2013. A significant resource still remains. As a result of the recent gold price improvements ($1,600+ AUD/oz) and a number of geological reviews, MKO considers that there is potential to develop a significant resource within the Cockburn pit confines without additional cutbacks. The focus being on ultimately establishing a “measured” and accessible economic resource within the Orelia mineralisation. The length of the Cockburn pit floor is about 450m and the width is 200m. This area would allow a resource to be mined to an additional 40-50m vertical depth without expensive pit modifications. An independent consulting company (Coxrocks Pty Ltd) was commissioned to undertake a total review of previous work and produce a new OBM with input from MKO geologists. The 2016 OBM is consistent with earlier models. The detailed QA/QC accompanying these earlier models is still relevant to bringing this resource to a JORC 2012 standard. The 2016 resource is summarised below in Table 2. The OBM was completed on a bulk mining basis and not specifically targeting narrow, underground ore. A bottom cut of 0.9 g/t outline was used. | |
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