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Panoramic Resources Ltd.
Summary
| Project: | Gum Creek | |
|---|---|---|
| Deposit: | Gum Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 14-10-2016: Panoramic Resources Ltd. announces a Resource Estimation report for its Gum Creek deposit at the Gum Creek project. Annual statement of mineral resources.. Panoramic Resources Limited (“Panoramic”) (ASX:PAN) hereby announces an update to gold | |
| Resources: | (Resource, Total): 17.3Mt @ 2.25g/t Au for 1.25Moz Au contained at Gum Creek | |
| CP/QP: | [Resources]: Spero Caras, Andrew Bewsher, Ben Pollard (Carras Mining Pty Ltd.;BM Geological Services) | |
| ABSTRACT: | Panoramic Resources Limited (“Panoramic”) (ASX:PAN) hereby announces an update to gold Mineral Resources at the Gum Creek Gold Project. Since 30 June 2016, as part of the proposed partial divestment of Gum Creek, Panoramic has updated the Mineral Resources at Heron South, Specimen Well, Toedter and Kingfisher UG to comply with the requirements of JORC 2012, and removed four small resources previously reported under JORC 2004. Total Mineral Resources at the Gum Creek Gold Project as at 30 September 2016 are 17.3Mt @ 2.25g/t Au for 1.25 million ounces contained gold. Of the total, approximately 75% of the contained gold in Resource is classified as Indicated. In accordance with the ASX Listing Rules, a fair and balanced representation of the information provided in Appendix 1 must be presented in the main body of the ASX announcement. That representation follows below. Changes include upgrading the Mineral Resources at Heron South, Specimen Well, Toedter and Kingfisher to comply with the requirements of JORC 2012. A number of small Resources previously reported under JORC 2004 have been omitted. There has been no change to the other Resources. All other Gum Creek Mineral Resources remain unchanged from 30 June 2015 (refer to Company’s ASX announcement of 30 September 2015) and the Company confirms that that it is not aware of any new information that materially affects the information included in the original market announcement of 30 September 2015 and that all material assumptions and technical parameters underpinning the previous estimates continue to apply and have not materially changed. The September 2016 Gum Creek Resource upgrades presented in this announcement are based on existing drill hole information. No new drill holes were completed during FY2016 and therefore no JORC Table 1, Section 2 Compliance Tables (Reporting of Exploration Results) are included in Appendix 1. | |
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