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Sandspring Resources Ltd.
Summary
| Project: | Toroparu | |
|---|---|---|
| Deposit: | Sona Hill | |
| Location: | Guyana | |
| Commodities: | Gold | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 23-2-2017: Sandspring Resources Ltd. announces a Resource Estimation report for its Sona Hill deposit at the Toroparu project. Initial mineral resource for Sona Hill Deposit. Sandspring Resources Ltd. (SSP: TSX-V) (“Sandspring” or the “Company”) is please | |
| Resources: | (Resource): 5.563Mt @ 1.09g/t Au (Ind.) and 7.041Mt @ 1.06g/t Au (Inf.) (0.31g/t Au cut-off) | |
| CP/QP: | [Resources]: Frank Daviess, Allan Moran (SRK Consulting (US) Inc.) | |
| ABSTRACT: | Sandspring Resources Ltd. (SSP: TSX-V) (“Sandspring” or the “Company”) is pleased to report the maiden mineral resource estimate (“Resource Estimate”) for its discovery at Sona Hill, deposit located 5 km southeast of the Toroparu Gold Project (“Toroparu”)1 in Guyana, South America. The resource estimate is based on analytical and geological data from 12,585 metres (“m”) of diamond drill core recovered from the 109 deposit specific boreholes drilled to date and reported in news releases on February 3, 2016, November 3, 2016, and February 13, 2017. ich Munson, CEO states: “We are very pleased to announce the maiden resource estimate for the Sona Hill Satellite Deposit. Sona Hill adds significant shallow gold-only resources in proximity to the existing reserves reported in the pre-feasibility study for Toroparu. The results from Sona Hill and the new discovery at Wynamu Hill that were reported on February 13, 2017 clearly warrant the continuation of systematic exploration of our property position surrounding Toroparu, including the eight-additional high-priority gold features within the 20 km by 7 km regional hydrothermal alteration halo surrounding Toroparu. Our geologic team, that continues to be led by Werner Claessens and Pascal van Osta, consultants to the Company, is working with SRK on additional drill programs to increase the confidence classification of Sona Hill resources, as well as looking at programs to further delineate mineralization at Wynamu Hill and explore for additional satellites within our concession boundaries.” | |
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