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Primary Gold Ltd.
Summary
| Project: | Mt Bundy | |
|---|---|---|
| Deposit: | Rustlers Roost | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 31-10-2017: Primary Gold Ltd. announces a Resource Estimation report for its Rustlers Roost deposit at the Mt Bundy project. Gold resource at Rustlers Roost increase by 72%. Primary Gold Limited (ASX: PGO) (“Primary” or “the Company”) is pleased to report | |
| Resources: | (Resource, I+I): 49.601Mt @ 0.84g/t Au at Rustlers Roost | |
| CP/QP: | [Resources]: Brian Fitzpatrick (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Primary Gold Limited (ASX: PGO) (“Primary” or “the Company”) is pleased to report a significant increase of 72% for its Resources at the Rustlers Roost gold deposit to 49.6 Mt at 0.84 g/t Au for 1,332,000 ounces including 36.6 Mt @ 0.87 g/t gold Indicated and 12.990 Mt @ 0.73 g/t gold Inferred. Rustlers Roost forms part of the Mount Bundy Gold Project in the Northern Territory, Australia. The total gold Resource at the Mt Bundy project has now increased to 1,780,000 ounces. This increased resource was the result of the recently completed and highly successful exploration drill program at Rustlers Roost, which was the first drill program in more than 20 years. Drilling both confirmed and validated the gold distribution previously encountered by historical drilling at the deposit. The Rustlers Roost deposit remains open both along strike and depth, with further exploration planned at the conclusion of the current wet season in 2018. Primary has achieved an upgrade for a significant part of the Inferred Resources into the Indicated category due to the increased data density of the 2017 drilling. The new Indicated Resource of the deposit has doubled from 14.42 Mt at 1.1 g/t Au for 505,000 ounces of contained gold to 36.6 Mt at 0.87 g/t Au for 1,028,000 ounces of contained gold. | |
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