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Mincor Resources NL
Summary
| Project: | Widgiemooltha | |
|---|---|---|
| Deposit: | Widgiemooltha | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-10-2019: Mincor Resources NL announces a Resource Estimation report for its Widgiemooltha deposit at the Widgiemooltha project. Annual update of mineral resources and ore reserves. Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) provides updat | |
| Resources: | (Reserve, P+P): 0.265Mt @ 2.1g/t Au at project | |
| CP/QP: | [Resources]: Rob Hartley (Internal) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) provides updated annual gold Mineral Resource and Ore Reserve estimates for the Company’s 100%-owned Widgiemooltha Gold Project (WGP) as at 30 June 2019 and including the maiden Mineral Resource estimate for the Hillview prospect. The estimated gold Mineral Resources stand at 5.4 million tonnes @ 1.6 g/t Au for 273,100 oz of contained gold and gold Ore Reserves stand at 265,000 tonnes @ 2.1 g/t Au for 17,700 oz of contained gold. For the latest technical summaries for both the Mineral Resource and Ore Reserve estimates, please see below. The WGP is located 1.5km west of Widgiemooltha and 30km southwest of Kambalda in the Goldfields region of Western Australia (Figure 1). Mincor had been mining and milling ore through a 12-month tolling treatment agreement at the Higginsville gold processing plant, located 25km southeast of WGP. This tolling agreement expired on 30 June 2019. Since August 2019, ore parcels have been processed under a new tolling treatment agreement at the Lakewood processing plant in Kalgoorlie. Mining was completed in September 2019, with ore processing to be completed in the December 2019 quarter. Hillview prospect is a new Mineral Resource 15km south of the WGP. Additional drilling will be required to upgrade its confidence. | |
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