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Resolute Mining Ltd.
Summary
| Project: | Tabakoroni | |
|---|---|---|
| Deposit: | Tabakoroni | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 4/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 29-4-2019: Resolute Mining Ltd. announces a Resource Estimation report for its Tabakoroni deposit at the Tabakoroni project. Updated mineral resource estimate at the project. Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to announ | |
| Resources: | (Resource, Total): 6.310Mt @ 5.1g/t Au for 1.030Moz Au contained | |
| CP/QP: | [Resources]: Susan Havlin (Optiro Pty Ltd.) | |
| ABSTRACT: | Resolute Mining Limited (Resolute or the Company) (ASX:RSG) is pleased to announce an updated Mineral Resource for Tabakoroni which includes a maiden Underground Mineral Resource. The updated Mineral Resource is 6.3 million tonnes (Mt) at 5.1 grams per tonne of gold (g/t Au) for 1.03 million ounces (Moz) of gold inclusive of a maiden Underground Mineral Resource of 5.2Mt at 5.1g/t Au for 850,000oz of gold (at a 1.5g/t Au cut-off grade). The updated Mineral Resource has been independently estimated in accordance with the JORC Code 2012 (see Appendix Table 1 for details) and incorporates results from the ongoing Tabakoroni diamond drilling program. Managing Director and CEO, Mr John Welborn, was encouraged by the resource update and particularly pleased with the identification of coherent high-grade zones which are expected to support a future underground mine: “Achieving our target of a million ounces of resources at Tabakoroni at above 5 grams per tonne of gold is an excellent outcome from the consistently excellent exploration drilling results we have been announcing over the past 12 months. The exceptional high-grade intersections from recent drilling results have confirmed a large increase in the size and grade of Tabakoroni which reinforces the value of our ongoing investment in exploration of Resolute’s extensive Syama tenure.” “Tabakoroni is an important growth opportunity for Resolute which is allowing the Company to leverage our extensive processing infrastructure at the Syama complex. Open pit mining at Tabakoroni is exceeding expectations with highgrade ore mined in the March 2019 Quarter resulting in record production from the Syama oxide processing circuit. | |
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