For thousands of other reports visit RSC's Mineral Intellingence Map
Mithril Resources Ltd.
Summary
| Project: | Spargos Reward | |
|---|---|---|
| Deposit: | Spargos Reward | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-11-2018: Mithril Resources Ltd. announces a Scoping Study report for its Spargos Reward deposit at the Spargos Reward project. JV with Corona Minerals -Scoping study for Spargos project. Corona Minerals Pty Ltd, a subsidiary of Corona Resources Ltd (Co | |
| Resources: | (Resource, I+I): 1.01Mt @ 3.9g/t Au for 126koz contained at project | |
| CP/QP: | [Resources]: Phillip Jones, Allen Maynard (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Corona Minerals Pty Ltd, a subsidiary of Corona Resources Ltd (Corona), manager of the Spargos Reward Gold joint venture with partner Mithril Resources Ltd, (Mithril) have completed a Scoping Study for mining the near surface part of the resources previously reported at Spargos Reward (“Spargos”, “the Project”) where the mineral resource is estimated to contain 1,010,000 tonnes @ 3.9 g/t Au for 126,000 ounces of gold (Mithril ASX release dated 23/05/2017), located entirely within M15/1828. The Spargos Scoping Study assumes a conventional truck and excavator operation mining an open cut pit to a depth of 110m, a gold price of $AUD 1,700, with trucking to and processing by traditional CIP circuit at one of the nearby treatment facilities. Geotechnical parameters used for the conceptual pit design are based in part on observations made on the existing small open cut combined with initial parameters used elsewhere in the Goldfields. The major cost estimates used are based on current industry costs where applicable, indicative quotes from trucking contractors, mining contractors, processing facilities, accommodation and hire companies. The mill recovery estimate used is the mid-range of results reported historically | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report