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Project: | Chita Valley | |
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Deposit: | Chita Valley | |
Location: | Argentina | |
Commodities: | Copper-Gold-Silver-Molybdenum | |
Date: | 1/4/2017 | |
Report Code: | NI43-101 | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 4-1-2017: Minsud Resources Corp. announces a Resource Estimation report for its Chita Valley deposit at the Chita Valley project. Updated mineral resource estimate for project. TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Compa | |
Resources: | (Resource, Inf.): 37.0Mt @ 0.44% Cu, 0.07g/t Au, 2.2g/t Ag, 0.018% Mo at Chita | |
CP/QP: | [Resources]: Howard Coates, Eugene Puritch (Internal;P&E Mining Consultants Inc.) | |
ABSTRACT: | TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”) completed 59 HQ diamond drill holes totaling 9,114 metres (“m”) in 2011, 2014, 2015 and 2016 in the southern Chita Porphyry sector of the Chita Valley Project (see earlier press releases dated September 6, 2011, January 26, 2012, June 30, 2014, November 4. 2014, December 10, 2015 and November 1, 2016). Four historical holes completed in 1969, three holes from 1976 and one RC hole from 1996, most of which have been re-sampled and re-analyzed by Minsud, are added to the drilling database. The total database utilized for the updated Mineral Resource Estimate includes 66 core holes and 1 reverse circulation hole totaling 10,158 m and 150 m, respectively for a combined total of 10,308 m (see table below). The drill holes tested a substantial zone of Cu-AuAg-Mo mineralized multi-stage vein systems and hydrothermal breccias. In December 2016, Minsud again retained P&E Mining Consultants Inc. to prepare an updated Mineral Resource Estimate. In P&E's opinion, the drilling, assaying and exploration work of the Chita Porphyry supporting this Mineral Resource Estimate are sufficient to indicate a reasonable potential for economic extraction. All Mineral Resources at a 0.3% Cu cut-off were classified as Inferred category based on the geological interpretation, semi-variogram performance and drill hole spacing. | |
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