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BASE RESOURCES LIMITED - Kwale North and Bumamani Resources Estimates
PR Newswire
Key Points
As part of the pre-feasibility study currently underway to assess the viability of mining the Kwale North Dune and Bumamani deposits, seeking to extend the mine life of Kwale Operations, additional drilling and mineralogy assessments have been conducted.
The Kwale North Dune Mineral Resources estimate has increased by 13% to 194 million tonnes at an average HM grade of 1.5%, containing 2.9Mt HM, based on a 1% HM cut-off grade.
99% of the Kwale North Dune Mineral Resources estimate is now reported in the Measured and Indicated categories.
The maiden Bumamani Mineral Resources estimate is 5.9 million tonnes at an average HM grade of 1.9%, containing 0.115Mt HM, based on a 1% HM cut-off grade.
New total Global Mineral Resource statement Posted by PublisherInternet Thursday, 18. February 2021
Griffin Mining Limited (\”Griffin\” or the \”Company\”) is pleased to announce the new Global Mineral Resource estimate for it?s Caijiaying Zinc-Gold Mine in the People?s Republic of China. The new Global Mineral Resources from the 4 main deposit ?Zones?, reported in accordance with the JORC Code (2012) , total:
5 million tonne Global Mineral Resource (from 67.7 million tonnes2)
0 million tonnes of Zinc Metal (from 2.7 million tonnes2)
6 million ounces of Gold (from 1.0 million ounces2)
8 million ounces of Silver (from 48.5 million ounces2)
6 million tonnes of Lead (from 0.2 million tonnes2)
The global Measured, Indicated and Inferred Mineral Resource estimate totals 101.5 Mt at 3.9% Zn, 0.6% Pb, 27.0 g/t Ag and 0.5 g/t Au, resulting in total contained metal of approximately 4.0 million tonnes of zinc metal, 0.6 million tonnes of lead metal, 88.8 million ounces of silve