For thousands of other reports visit RSC's Mineral Intellingence Map
Nusantara Resources Ltd.
Summary
| Project: | Awak Mas | |
|---|---|---|
| Deposit: | Awak Mas | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver | |
| Date: | 1/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2018: Nusantara Resources Ltd. announces a Resource Estimation report for its Awak Mas deposit at the Awak Mas project. Mineral Resource Increased by 0.2Moz. Asia‐Pacific gold development company Nusantara Resources Limited (‘Nusantara’, ASX: NUS) is | |
| Resources: | (Resource, Total): 42.6Mt @ 1.4g/t Au for 1.93Moz contained at project | |
| CP/QP: | [Resources]: Adrian Shepherd (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Asia‐Pacific gold development company Nusantara Resources Limited (‘Nusantara’, ASX: NUS) is pleased to provide the following Mineral Resource update on the Awak Mas deposit after inclusion of the 25 additional diamond drill holes from the Phase 1 drilling program1 (67‐hole program) at its 100%‐owned Awak Mas Gold Project located in South Sulawesi, Indonesia. The Indicated and Inferred Mineral Resource at 0.5 g/t Au cut‐off for the Awak Mas deposit constrained by a US$1,400/oz optimisation shell is now reported at 39.0 Mt at 1.37 g/t Au for 1.72 million contained ounces (Table 1, Appendix 1). This represents a 12% increase in contained gold ounces as compared to the May 2017 MRE2 . This result does not include anticipated extensions to the mineralisation at depth from the step‐out exploration drilling currently in progress at the Awak Mas deposit. The total Indicated and Inferred Resource at 0.5 g/t Au cut‐off for the Awak Mas Gold Project (inclusive of the Awak Mas, Salu Bulo and Tarra deposits) now stands at 42.6 Mt at 1.40 g/t Au for 1.93 million contained ounces (Table 1, Appendix 1). Importantly, approximately 85% of the contained ounces within the Awak Mas deposit and approximately 80% of the contained ounces for the entire Project now report to the Indicated Resource category and will be available for incorporation into the upcoming Ore Reserve estimate. | |
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