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Trecora Resources
Summary
| Project: | Al Masane | |
|---|---|---|
| Deposit: | Guyan | |
| Location: | Saudi Arabia | |
| Commodities: | Gold | |
| Date: | 9/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-9-2017: Trecora Resources announces a Resource Estimation report for its Guyan deposit at the Al Masane project. Resource estimate for AMAK's Guyan Project. AMAK engaged SRK consulting (UK) Ltd (“SRK”) to undertake exploration at the Jabal Guyan Gold P | |
| Resources: | (Resource, I+I): 563kt @ 5.5g/t Au for 99koz Au at Guyan | |
| CP/QP: | [Resources]: Mr Mark Campodonic (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | AMAK engaged SRK consulting (UK) Ltd (“SRK”) to undertake exploration at the Jabal Guyan Gold Project (“Guyan”) between January and December 2016, and following this, engaged SRK to undertake a Mineral Resource Estimate on its Guyan Gold Project, located in the Kingdom of Saudi Arabia, which commenced in late January 2017 upon receipt of the assay results of collected samples. The Mineral Resource Estimate has been completed in accordance with the terms and guidelines of The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” as provided by “The Joint Ore Reserves Committee (“JORC” or the “JORC Code – 2012 Edition”). The Guyan Project is located within a Mining licence (encompassed by an Exploration Licence) with a combined area of some 89.4 km2 area, which is 100% owned by AMAK, and lies in the Najran Province, some 68 km NNW of Najran, and some 770 km SSW of Riyadh. The current drilling database, dated 01 March 2017, contains data from 115 diamond drill holes. Of these, 23 were completed on the project historically between 1978 and 1980, and 130 were completed in 2016 at both the La Aqiq (6) and Jabal Guyan (124) prospects. The 2016 drilling program was designed and supervised by SRK and completed with HQ core size by Spektra Jeotek, and included drilling two twin holes to confirm the previously drilled data (1978-1980 programme). The drilling was generally completed on 50 m spaced drill fences in order to define the mineralised extents of identified target zones (up to 100 m depth) along vein structures, then tightened up in terms of spacing to 20 m to focus on the higher-grade sections of the veins. | |
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