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Silver Lake Resources Ltd.
Summary
| Project: | Mount Monger | |
|---|---|---|
| Deposit: | Aldiss | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-6-2018: Silver Lake Resources Ltd. announces a Resource Estimation report for its Aldiss deposit at the Mount Monger project. Updated mineral resource and ore reserve estimate at Aldiss deposit. The newly established Aldiss Mining Centre (“Aldiss”) is | |
| Resources: | (Reserve, Prob.): 2.873Mt @ 2.2g/t Au for 203Koz Au contained at Aldiss | |
| CP/QP: | [Resources]: Aslam Awan (Internal) | |
| ABSTRACT: | The newly established Aldiss Mining Centre (“Aldiss”) is located approximately 55km east from the Randalls Gold Processing Facility (“Randalls”) and includes the Karonie, Harry’s Hill and French Kiss deposits, plus several near surface exploration targets along multiple north-trending, mineralised shear zones. A dedicated haul road is currently under construction to link Aldiss to Randalls, and open pit mining has commenced at Harry’s Hill. Commenting on the results, Silver Lake Managing Director Luke Tonkin said: “Challenging previous geological interpretations at Mount Monger is a core pillar of our exploration strategy to increase life of mine visibility, at low discovery costs. Our geology team continues to successfully leverage off the large data set available at Mount Monger, with Karonie another example of the value which can be added through a first principles, data driven approach. The establishment of the Aldiss Mining Centre and maiden Ore Reserve at Karonie is a significant milestone for Silver Lake as it delivers a step change in production visibility at Mount Monger, with three mining centres feeding the Randalls Mill. Our exploration efforts will continue to prioritise targets proximal to established infrastructure, which provide demonstrable pathways to potential Mineral Resource conversion and extensions which would see Silver Lake producing from Mount Monger for many years to come.” | |
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