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Resource Capital Gold Corp.
Summary
| Project: | Forest Hill | |
|---|---|---|
| Deposit: | Forest Hill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 26-4-2017: Resource Capital Gold Corp. announces a Resource Estimation report for its Forest Hill deposit at the Forest Hill project. Updated mineral resource estimate for Forest Hill. This technical report has been prepared for Resource Capital Gold Corp | |
| Resources: | (Resource): 322kt @ 11.0g/t Au (Ind.) and 905kt @ 10.6g/t Au (Inf.) (uncapped, 2g/t Au cutoff) | |
| CP/QP: | [Resources]: Gregory Z. Mosher (Global Mineral Resource Services Ltd.) | |
| ABSTRACT: | This technical report has been prepared for Resource Capital Gold Corp (RCGC). Through its wholly-owned subsidiary Flex Mining and Exploration Limited (Flex), RCGC owns the Forest Hill gold property (Property) in eastern Nova Scotia, Canada. RCGC acquired Flex and with it, the Property, on October 14, 2016. RCGC has done no work on the Property but is contemplating undertaking a preliminary economic assessment (PEA) of the gold resource that has been identified by previous exploration. To that end, RCGC has retained Global Mineral Resource Services (GMRS) to complete a resource estimate based on existing drill data and to incorporate that estimate into a Technical Report prepared compliant with National Instrument (NI) 43-101. The effective date of this Technical Report is April 10, 2017. A Mineral Resource has been estimated based on historical surface and underground drilling. The estimate is based on assays contained in 16 modelled quartz veins. Assays were capped at 110 g/t gold and samples were composited to 0.75 meter lengths. A fixed density of 2.65 g/cm³ was used. Because of the small number of samples in any given vein, variography was not attempted and instead the estimate was obtained by inverse distance squared weighting (ID²) and a search ellipse that imitated the strike and dip of the veins. Blocks measured 20 meters along strike, two meters across strike, and five meters down-dip. The resource was estimated at a range of cutoff grades of which, on the basis of a recently-completed Preliminary Economic Assessment (MineTech PEA 2017) of the nearby (50 km) and geologically similar Dufferin Mine, a grade of 2 g/t gold was taken as a base case. | |
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