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OreCorp Ltd.
Summary
| Project: | Nyanzaga | |
|---|---|---|
| Deposit: | Kilimani | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 6/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-6-2020: OreCorp Ltd. announces a Resource Estimation report for its Kilimani deposit at the Nyanzaga project. Updated Mineral Resource Estimate for Project. The Directors of OreCorp Limited (OreCorp or the Company) are pleased to announce that additiona | |
| Resources: | (Resources, Inf.): 5.64Mt @ 1.21g/t Au at Kilimani Deposit | |
| CP/QP: | [Resource]: Maria O'Connor (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Directors of OreCorp Limited (OreCorp or the Company) are pleased to announce that additional mineral resources have been estimated at the Company’s wholly owned Nyanzaga Gold Project in Tanzania (Nyanzaga or Project). CSA Global UK Ltd (CSA Global) has completed a maiden Inferred Mineral Resource Estimate (MRE), classified and reported in accordance with the JORC Code (2012 Edition) for the Kilimani Prospect (Kilimani MRE) located ~450m northeast of the Nyanzaga Deposit and within the Special Mining Licence (SML) application area. The Kilimani MRE is 5.64Mt @ 1.21g/t Au for 220Kozs of gold and is in addition to the Nyanzaga deposit. The Directors believe that the Kilimani MRE further enhances the Nyanzaga Project and the Company may include the Kilimani MRE in the Project Financing Definitive Feasibility Study (DFS) that is currently underway. OreCorp’s geologists interpret that the Nyanzaga and Kilimani deposits occur in similar lithological and structural settings with diagnostic geochemical and geophysical features. A review of geophysical, geochemical and geological data to identify other potential target areas within the SML application area that may represent analogues to Nyanzaga | |
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