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Ortac Resources Ltd.
Summary
| Project: | Misisi | |
|---|---|---|
| Deposit: | Akyanga | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Gold | |
| Date: | 8/12/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-8-2016: Ortac Resources Ltd. announces a Resource Estimation report for its Akyanga deposit at the Misisi project. JV with CASA Mining - Non-JORC compliant resource estimate for Akyanga deposit. Ortac Resources Ltd ("Ortac"), the AIM listed exploration | |
| Resources: | (Resource): 51.3Mt @ 1.4g/t Au for 2.3Moz Au contained at Akyanga (non-JORC compliant) | |
| CP/QP: | [Overall Report]: Vassilios Carellas (Internal) | |
| ABSTRACT: | Ortac Resources Ltd ("Ortac"), the AIM listed exploration and mine development company, is pleased to provide an update on its investment in CASA Mining Limited ("CASA"), a private company registered in Mauritius that holds prospective gold mining and exploration licences in the Democratic Republic of Congo ("DRC"). Vassilios Carellas, Ortac's CEO, commented: "This latest gold resource estimate, although currently not JORC Code compliant, demonstrates the gold resource potential at CASA's Misisi project. The prospect is still open-ended along strike and down dip, which bodes well for CASA's aspirations to the development of this project and offers the potential for further increases in the resource." The work carried out by these independent experts and the derived estimate of the reported gold resource has been undertaken using acceptable international practice, with consideration of the relevant CIM Best Practice Guidelines. However, in its current format, the contents of the report provided to CASA are not JORC Code compliant and the gold resource estimate should be viewed as indicative of the resource potential. | |
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