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OZ Minerals Ltd.
Summary
| Project: | CentroGold | |
|---|---|---|
| Deposit: | Blanket, Contact | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 7/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 11-7-2019: OZ Minerals Ltd. announces a Resource Estimation report for its Blanket, Contact deposit at the CentroGold project. Updated mineral resource estimate and initial ore reserve at project. The CentroGold May 2019 Mineral Resources for the combined | |
| Resources: | (Reserve, Prob.): 20Mt @ 1.7g/t Au | |
| CP/QP: | [Resources]: Aaron Green (CSA Global Pty Ltd.) | |
| ABSTRACT: | The CentroGold May 2019 Mineral Resources for the combined ‘Blanket’ and ‘Contact’ deposits have been estimated at 28 million tonnes of gold mineralisation grading 1.9 grams per tonne gold. This combined Mineral Resource estimate update supersedes the previously reported Mineral Resource estimates for the CentroGold Project’s ‘Blanket’ and ‘Contact’ deposits released on 07 February 2018 and 21 March 2018 respectively. This Mineral Resource estimate does not include the ‘Chega Tudo’ deposit which remains as previously reported in November 2017. The updated CentroGold Mineral Resource estimate for the combined ‘Blanket’ and ‘Contact’ deposits is a re-statement of the existing Mineral Resource estimations at a lower cut-off grade of 0.4 grams per tonne gold. The decrease in reporting cut-off is driven by the results of the mining studies conducted as part of the CentroGold Pre-Feasibility study. The May 2019 Mineral Resource estimate is ~30 per cent higher in mineralisation tonnes, ~21 per cent lower in gold grade and ~3 per cent higher in contained gold ounces than the previous combined total of estimated Mineral Resources for the CentroGold Project’s ‘Blanket’ and ‘Contact’ deposits. | |
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