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OreCorp Ltd.
Summary
| Project: | Nyanzaga | |
|---|---|---|
| Deposit: | Nyanzaga | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 5/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-5-2017: OreCorp Ltd. announces an Exploration/Drilling Update report for its Nyanzaga deposit at the Nyanzaga project. Drilling results incl. 52m @ 4.67g/t Au from 149m. OreCorp Limited (OreCorp or the Company) is pleased to announce infill drilling re | |
| Resources: | (Resource, Total): 29.78Mt @ 3.48g/t Au for 3.330Moz Au contained at project | |
| CP/QP: | [Overall Report]: Colwin Lloyd (Not stated) | |
| ABSTRACT: | OreCorp Limited (OreCorp or the Company) is pleased to announce infill drilling results for the Nyanzaga deposit (Deposit) in Tanzania which further demonstrate the outstanding potential of the Project. The drilling infilled the main resource area which hosts a Mineral Resource Estimate (MRE) of 3.3 million ounces @ 3.48 g/t gold, to potentially upgrade the resource classification of predominantly Open Pit (OP) mineralisation within the MRE. Assays to date representing approximately 42% of the infill drilling program have delivered significant results and further demonstrate the near-term development potential of the Project. The infill drilling program targeted areas predominantly within the proposed OP area, where the existing data density was not sufficient for the JORC classification of the current MRE to the Indicated and Measured categories. The program also targeted the potential for further shallow OP mineralisation and additional mineralisation that currently lies outside the Pre-Feasibility Study (PFS) OP shell. It is anticipated that the remainder of the results will be received in the current quarter and be released when available. Once the results have been integrated into the existing data, it is anticipated that a revised MRE will be completed in H2 2017. This will form an integral part of the Definitive Feasibility Study (DFS) that is currently in progress. | |
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