For thousands of other reports visit RSC's Mineral Intellingence Map
Resolute Mining Ltd.
Summary
| Project: | Bibiani | |
|---|---|---|
| Deposit: | Bibiani | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 10/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 18-10-2017: Resolute Mining Ltd. announces a Resource Estimation report for its Bibiani deposit at the Bibiani project. Mineral resources increases by 40%, drill results incl. 29m @ 9.0g/t Au. Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is | |
| Resources: | (Resource, I+I): 21.693Mt @ 3.59g/t Au for 2.504Moz Au contained at Bibiani | |
| CP/QP: | [Resources]: Kahan Cervoj (Optiro Pty Ltd.) | |
| ABSTRACT: | Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to announce an updated Mineral Resource Estimate for the Company’s 90% owned Bibiani Gold Mine (Bibiani) in Ghana. The updated resource estimate was undertaken following the completion of the successful Phase 2 exploration drilling program and has resulted in significant increases in both tonnes and contained gold. Managing Director and CEO, Mr John Welborn, was impressed by the increase in contained gold at Bibiani and encouraged by the implications of the updated Mineral Resource for the potential to recommission the mine: “Bibiani is a key growth asset for Resolute and represents a valuable organic opportunity to increase future gold production and generate positive cash flows. The Phase 2 drilling program has achieved the objective of substantially increasing our Mineral Resource. Significantly the Central Lode has expanded and represents the focus of an updated mine plan. The drilling results suggest substantial additional upside remains, especially down dip of the Central Lode where a number of very broad, high grade intersections were recorded. I am looking forward to completion of an updated Feasibility Study later this year and the potential for a positive development decision.” “Resolute remains committed to working with our partner, the Government of Ghana, as we move towards our mutual goal of recommissioning the Bibiani Gold Mine as a long life, robust, profitable operation. | |
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