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Sandfire Resources America Inc.
Summary
| Project: | Black Butte | |
|---|---|---|
| Deposit: | Johnny Lee | |
| Location: | United States | |
| Commodities: | Copper | |
| Date: | 10/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 25-10-2019: Sandfire Resources America Inc. announces a Resource Estimation report for its Johnny Lee deposit at the Black Butte project. Updated mineral resource estimate. WHITE SULPHUR SPRINGS, Montana, Oct. 25, 2019 -- Sandfire Resources America Inc. ( | |
| Resources: | (Resource, M+I): 10.9Mt @ 2.9% Cu at Johnny Lee | |
| CP/QP: | [Resources]: Erik Ronald, Deepak Malhotra (SRK Consulting;Resource Development Inc.) | |
| ABSTRACT: | WHITE SULPHUR SPRINGS, Montana, Oct. 25, 2019 -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”, Trading symbols- TSX.V:SFR and OTCQB:SRAFF) is pleased to provide the following announcement related to an updated Mineral Resource estimate for the Black Butte Copper Project, a proposed underground mine located in Montana, USA. CEO and VP of Project Development Rob Scargill stated: “The updated Mineral Resource estimate, supported by substantial new drill data and geometallurgical investigation, allows project evaluation to proceed using data in which we have an increased level of confidence that will underpin upcoming studies on the Black Butte Copper Project.” The updated Mineral Resource statement for the Johnny Lee Deposit is summarized in Table 1. This Mineral Resource statement is based upon the Preliminary Economic Assessment (effective date: July 12, 2013) further supported by additional drilling, analyses, geological modeling, and extensive metallurgical studies to provide updated recoveries. | |
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