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Silver Lake Resources Ltd.
Summary
| Project: | Mount Monger | |
|---|---|---|
| Deposit: | Cock-eyed Bob | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-6-2017: Silver Lake Resources Ltd. announces a Resource Estimation report for its Cock-eyed Bob deposit at the Mount Monger project. Resource update at Cock-eyed Bob and new drilling results incl. 10.85m @ 9.25g/t Au. Silver Lake Resources Limited (“Sil | |
| Resources: | (Resource, Total): 1.424Mt @ 5.8g/t Au for 266kox Au contained at Cock-eyed Bob | |
| CP/QP: | [Resources]: Matthew Karl (Internal) | |
| ABSTRACT: | Silver Lake Resources Limited (“Silver Lake” or the “Company”) is pleased to advise that the Cock-eyed Bob Underground Mine (“CEB”) will recommence in July 2017 following recent highly successful exploration drilling. CEB will contribute approximately 10,000 ounces towards the Company’s total production in FY18, increasing to approximately 24,000 ounces in FY19. Commenting on the commencement, Silver Lake Managing Director Luke Tonkin said: “Twelve months ago, Silver Lake commenced an additional three phases of exploration drilling at CEB to define mining blocks immediately below the most recently mined 330 level, aiming to generate a long-term mining plan. “All phases of drilling are yet to be completed however drilling to date has successfully drilltested the CEB Resources to approximately 125 metres below the 330 level which has generated multiple high margin stoping blocks readily accessible from available mine development and utilising existing infrastructure. “The significant increase in the tenor of the gold mineralisation at CEB is highly encouraging as is the increase in the overall resource base. Resource development drilling is ongoing and is focussed on converting Inferred Resources to Indicated Resources. “CEB is expected to make a significant contribution to Silver Lake’s key objective of delivering new ore sources that sustain and enhance margins to drive shareholder returns.” | |
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