For thousands of other reports visit RSC's Mineral Intellingence Map
Prodigy Gold NL
Summary
| Project: | Twin Bonanza | |
|---|---|---|
| Deposit: | Old Pirate | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-8-2018: Prodigy Gold NL announces a Resource Estimation report for its Old Pirate deposit at the Twin Bonanza project. Annual statement of mineral resource estimate for Old Pirate deposit. Prodigy Gold NL (“Prodigy Gold” or “Company”) is pleased to pro | |
| Resources: | (Resource, I+I): 0.76Mt @ 4.7g/t Au for 115z Au contained at Old Pirate | |
| CP/QP: | [Resources]: David Williams (CSA Global Pty Ltd.) | |
| ABSTRACT: | Prodigy Gold NL (“Prodigy Gold” or “Company”) is pleased to provide this annual review and summary of Prodigy Gold’s Mineral Resource as at 31 July 2018. The Company’s Mineral Resources are reported in accordance with the 2012 JORC code and estimated or based on documentation prepared by a Competent Person as defined by the 2012 JORC code. All information compiled in this statement has been previously announced. Consolidated Resource Prodigy Gold’s Resources are located ~600km to the northwest of Alice Springs in the Tanami Region of the Northern Territory. As at 31 July 2018 Mineral Resources are estimated to be 15.7 million tonnes at 2.0g/t Au for 1.01 million ounces of gold compared with the estimate as at 5 September 2017 of 15.3 million tonnes at 2.1g/t Au for 1.01 million ounces of gold. Mineral Resources include all exploration and resource definition drilling up to 31 July 2018. The Buccaneer and Old Pirate Projects have been reviewed and remain unchanged from the 2017 Annual Report. The change in the 2018 Mineral Resource is due to an update of the Suplejack Resource with additional drilling data. Table 2 compares the Company’s Mineral Resources as at 31 July 2018 against those at 5 September 2017. Prodigy Gold believes the use of 0.8g/t – 1.0g/t gold as a reporting cut-off is appropriate for deposits which could potentially be eventually extracted through selective open pit mining. This reflects the current spot price and potential future increases consistent with industry reporting practices. Resources have been quoted to a maximum depth of 180m below surface, the maximum likely depth of an open pit on this style of deposits. No detailed open pit optimisation or economic evaluation studies have been completed. There are no changes to the assumptions underlying the Resources when compared to the 2017 Annual Report. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report