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Transaction Announcement Reports
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Project: | Maniema | |
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Deposit: | Kabotshome | |
Location: | Congo, Democratic Republic Of The | |
Commodities: | Gold | |
Date: | 1/17/2017 | |
Report Code: | JORC | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 17-1-2017: Vector Resources Ltd. announces a Resource Estimation report for its Kabotshome deposit at the Maniema project. Initial mineral resource estimate for Kabotshome prospect at Maniema. Vector Resources Limited (“Vector” or the “Company”) is please | |
Resources: | (Resource, Inf.): 6.966Mt @ 1.88g/t Au for 421000oz Au contained at project | |
CP/QP: | [Resources]: Peter Stockman (Stockman Geological Solutions Pty Ltd.) | |
ABSTRACT: | Vector Resources Limited (“Vector” or the “Company”) is pleased to announce a maiden Inferred Mineral Resource estimate for the Kabotshome Gold Prospect of 421,000oz of gold. The Kabotshome Gold Prospect is the most advanced of the five prospects identified from historical exploration work completed on the Company’s recently acquired Maniema Gold Project, located in the Democratic Republic of Congo. The Mineral Resource estimate has been reported in accordance with the guidelines of the JORC Code (2012 edition). 100% of the contained gold in the Kabotshome Gold Prospect Mineral Resource is in the Inferred Mineral Resource category. The current defined Mineral Resource estimate is situated entirely on granted Exploration License PR4804. This is one of several licenses which extend over an area in excess of 500km2 of prospective ground in the Maniema Province, in the Democratic Republic of Congo and which is contained within one of the world’s principal Precambrian orogenic-metallogenic provinces, which hosts Banro Corp’s Namoya and Twangiza Gold Mines within the Twangiza-Namoya belt immediately to the east, and Randgold Resources and AngloGold Ashanti’s Kibali Gold Mine and ASX listed Burey Gold’s Giro Gold Project in the Kilo-Moto belt to the north. | |
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