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Moreton Resources Ltd.
Summary
| Project: | Granite Belt | |
|---|---|---|
| Deposit: | Mt Gunyan | |
| Location: | Australia | |
| Commodities: | Silver-Gold | |
| Date: | 10/5/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 5-10-2016: Moreton Resources Ltd. announces a Resource Estimation report for its Mt Gunyan deposit at the Granite Belt project. JORC resource for Mt Gunyan deposit at the Granite Belt project. It is with great pleasure the board of Moreton Resources Limit | |
| Resources: | (Resource, Total): 3.689Mt @ 55.1g/t Ag, 0.06g/t Au at Mt Gunyan | |
| CP/QP: | [Resources]: Peter Ball (DataGeo Geological Consultants) | |
| ABSTRACT: | It is with great pleasure the board of Moreton Resources Limited announces it’s “Maiden JORC” for the Mt Gunyan Deposit which is regarded by the company as a significant prospect, that will support the proposed “Granite Belt Project” as a second phase development opportunity, behind the already announced Twin Hills Mine, to which the Company already released its JORC on September 19, 2016. This latest advancement, now brings to the potential project precinct to 2 standalone JORC compliant resources and 3 Advanced Exploration Targets that have all now been announced to market during the course of last 3 months. (Hawker Advanced Exploration Target is off the Granite Belt Project ML application area, but with potential to be serviced by centralised processing should a minable resources be proven). These announcements have now culminated in validating the extensive potential of this proposed project as a Silver, Copper, Gold and potentially other base metals resource. To this end, the companies Environmental Approvals are well advanced and are working through the due process. The Mining Licence application as lodged in late July 2016, also continues to work its way through the due process. The Company is expecting to release a project overview to the market, outlining the Granite Belt Projects’ potential in the next several days. | |
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