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Overland Resources Ltd.
Summary
| Project: | YBMP | |
|---|---|---|
| Deposit: | YBMP | |
| Location: | Canada | |
| Commodities: | Zinc-Lead | |
| Date: | 3/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-3-2018: Overland Resources Ltd. announces a Resource Estimation report for its YBMP deposit at the YBMP project. 2014 Resource statement clarification in order to meet JORC 2012 code and ASX rules. Overland Resources Limited (ASX:OVR, Overland or the Co | |
| Resources: | (Resource, Total): 12.56Mt @ 5.3% Zn, 0.9% Pb at project | |
| CP/QP: | [Resources]: Peter Ball (DataGeo Geological Consultants) | |
| ABSTRACT: | Overland Resources Limited (ASX:OVR, Overland or the Company) has recently become aware that the upgraded resource estimate for the Yukon Base Metal Project (YBMP) that was initially disclosed to the market in the June 2014 Quarterly Report on 31 July 2014 was not reported in the manner required by the Australian Joint Ore Reserves Committee Code 2012 (JORC Code) and the ASX Listing Rules. The resource estimate quoted by the Company was prepared in accordance with the JORC Code accordingly there is no material change to the resource estimate. The June 2014 Quarterly Report did not contain the appropriate disclosures required under ASX Listing Rule 5.8.1 and 5.8.2 including the requirement for the inclusion of Table 1 from the JORC Code. This announcement is intended to disclose all of the required information to bring the YBMP resource estimation reporting into full compliance with the JORC Code and ASX Listing Rules. Accordingly, the measured, indicated and inferred resources at the YBMP prepared and reported in compliance with the JORC Code guidelines currently comprise 12.6 Mt at 5.3% zinc and 0.9% lead as per Table 1 below. The YBMP is located within marine and deep water derived clastic rocks of the western Selwyn Basin. Lithologies in the immediate area have been assigned to the Hyland, Road River, and Earn Groups and to the Selwyn Plutonic Suite | |
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