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One Asia Resources Ltd.
Summary
| Project: | Awak Mas | |
|---|---|---|
| Deposit: | Awak Mas | |
| Location: | Indonesia | |
| Commodities: | Gold | |
| Date: | 5/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-5-2017: One Asia Resources Ltd. announces a Resource Estimation report for its Awak Mas deposit at the Awak Mas project. Updated mineral resource estimate for the Awak Mas gold project. One Asia Resources Limited (One Asia or the Company) is pleased to | |
| Resources: | (Resource, I+I): 38.4Mt @ 1.41g/t Au for 1.74Moz Au contained at project | |
| CP/QP: | [Resources]: Adrian Shepherd (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | One Asia Resources Limited (One Asia or the Company) is pleased to announce a new geological model and Mineral Resource Estimate (MRE) reported in accordance with the JORC Code (2012) guidelines for the Awak Mas Gold Project in Sulawesi, Indonesia (Project). The total Indicated and Inferred Resource is reported at 38.4 Mt at 1.41 g/t Au for 1.74 Moz (refer Table 1 – page 3 for breakdown of resource areas and classifications and Appendix 2 for the JORC Table 1 descriptions for each deposit; Awak Mas, Salu Bulo and Tarra). The new geological model and MRE was completed by Cube Consulting Pty Ltd and followed re-logging, re-assaying and interpretation work completed by Company geologists on the extensive core library of over 1,000 diamond drill holes stored at site. CSA Global Pty Ltd (CSA) independently reviewed the geological and resource models. Adrian Rollke, Managing Director of One Asia stated; “The geological review and MRE form a solid foundation to advance the Awak Mas Gold Project to the next stage of development involving the preparation of a Definitive Feasibility Study. The Awak Mas gold field remains open along a 10km strike with numerous exploration prospects identified with potential for resource expansion”. | |
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