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Newfield Resources Ltd.
Summary
| Project: | Gboyeiya | |
|---|---|---|
| Deposit: | Gboyeiya | |
| Location: | Sierra Leone | |
| Commodities: | Diamonds | |
| Date: | 12/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-12-2016: Newfield Resources Ltd. announces a Resource Estimation report for its Gboyeiya deposit at the Gboyeiya project. Initial JORC-compliant Alluvial Diamond Resource. Newfield Resources Limited (ASX: NWF) (“Newfield” or “the Company”) is pleased t | |
| Resources: | (Resource, Inf.): 36582.01t containing 7285.61 carats | |
| CP/QP: | [Resources]: Richard Hall, Renato Spaggiari, Mike Lynn (Internal;Independent) | |
| ABSTRACT: | Newfield Resources Limited (ASX: NWF) (“Newfield” or “the Company”) is pleased to announce its first JORCcompliant alluvial Diamond Resource, completed at the Gboyeiya Alluvial Project in exploration licence EL 15/2012. The Gboyeiya Alluvial Project is located in the Bo District of Sierra Leone, within the Allotropes exploration licence EL 15/2012 (Figure 1). The project covers a portion of a buried palaeo-fluvial flat that hosts a mineralised basal gravel-lag deposit of the ancestral Sewa River. The gravel deposit has been delineated using a combination of basic techniques to gather both grade and geological information. These included field mapping (footwall out-crops, terrace-edge, artisanal excavations), bulk-sampling and mechanised auger drilling. The Gboyeiya deposit is relatively small in area and approximately 210,000 m2 in extent. It has been informally mined in the past and relicts of artisanal excavations account for a small amount of depletion of the resource. | |
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