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St Barbara Ltd.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Moose River | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-8-2019: St Barbara Ltd. announces a Resource Estimation report for its Moose River deposit at the Moose River project. Annual statement of mineral resources and ore reserves. St Barbara's Mineral Resources and Ore Reserves position as at 30th June 2019 | |
| Resources: | ||
| CP/QP: | [Resources]: Neil Schofield (FSSI Consultants (Australia) Pty Ltd.) | |
| ABSTRACT: | St Barbara's Mineral Resources and Ore Reserves position as at 30th June 2019 is summarised and compared with the 2018 statement below. The Company’s Ore Reserves have increased above net depletion primarily as a consequence of the resource extension drilling at Gwalia. At Simberi, Ore Reserves have been reduced after mining depletion, however a higher gold price and revised pit design has helped to offset losses due to mining. A review of the Simberi geology model has resulted in an overall increase of Mineral Resources of Oxides for this operation. The Simberi Sulphide Mineral Resources have been updated inclusive of Sorowar Sulphide drilling and a revised geological model. The Sorowar drilling included results of the incomplete 60 metre x 60 metre drill program up until the data cut off on 30 April 2019. As the current 30 metre x 30 metre drilling program is not complete and was not included, there has been no addition to Sulphide reserves at the date of reporting. Following completion of the Sorowar drilling program an update will be provided. | |
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