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Moreton Resources Ltd.
Summary
| Project: | Granite Belt | |
|---|---|---|
| Deposit: | Twin Hills Mine | |
| Location: | Australia | |
| Commodities: | Silver-Gold | |
| Date: | 9/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2016: Moreton Resources Ltd. announces a Resource Estimation report for its Twin Hills Mine deposit at the Granite Belt project. Mineral resource estimation for Twin Hills Mine within the Granite Belt Project. It is with great pleasure the board of M | |
| Resources: | (Resource, Total): 8.373Mt @ 51.0g/t Ag, 0.08g/t Au at Twin Hills | |
| 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 Twin Hills Deposit which is a significant anchor Asset to the Granite Belt Project as previously announced to the ASX. The following are the high level Resource Estimates as provided by Datageo Geological Consultants, whom are our authorised Competent Person for the Twin Hills Asset. The Company is extremely pleased about this validation work and the fact that the former Twin Hills Mines Site contains a significant estimated resource of Silver (Ag) and minor Gold (Au) traces within this cornerstone asset for our advancement plans. DataGeo whose Principal was the Geology Manager for the former owner and operator of the Twin Hills Mine and estimated the Twin Hills Mineral Resource model, upon which this announcement is based, reviewed the model and depleted it as best as possible for recent production. The resource is reported in the vicinity of ultimate pit design and to the south of the pit, within 100m of the surface. In addition to the releases to the market in July, whereby significant Copper/Silver Exploration Targets in Harrier, Hornet and Hawker were identified, the Company is also currently finalising its review of the Mt Gunyan Resource and we are seeking to release a JORC estimate in the coming weeks. Of interest with this Asset is not only the potential for a significant additional Silver Resource but also we believe it to be highly prospective for a potential Gold Resource. Work is ongoing and as stated, a release to market is expected in the coming weeks. | |
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