Altus Strategies plc announced a 67% increase in mineral reserves and post-tax net present value (NPV) of US$150 million for its 100% owned Diba & Laflanka gold project in western Mali. MINERAL RESOURCE ESTIMATE The company reported the figures in its revised mineral resource estimate (MRE) and preliminary economic assessment (PEA). Altus said it aimed […]
Tag: mineral resource estimate (MRE)
Cora Gold increases MRE by 14% for Sanankoro
Cora Gold Ltd announced a total increase of 14% for its revised mineral resource estimate (MRE) at the Sanankoro gold project in southern Mali. MRE The company also reported a 22% increase in oxide indicated mineral resources from 419koz to 509koz. Cora Gold added that the MRE, at a cut-off grade of 0.4 g/t Au, […]
Cora nears new MRE with 11th set of drill results
Cora Gold Ltd is nearing a revised mineral resource estimate as it announced the eleventh set of drill results from its largest ever drilling campaign at its Sanankoro gold project in southern Mali. RESULTS The company is targeting resource growth as well as infill drilling to convert existing inferred resources to the indicated category. SELIN […]
Alba targets substantial increase in ilmenite at Thule
Alba Mineral Resources plc has started its Phase 2 drilling programme to increase “substantially” the mineral resource at its Thule Black Sands (TBS) ilmenite project in northern Greenland. The company’s subsidiary White Eagle Resources Ltd, which owns and operates the project, plans to drill 125 holes for up to 1,000 metres, and conduct a digital elevation […]
Cornish Metals increases MRE for South Crofty
Cornish Metals Inc announced a material increase in resource following results of a new mineral resource estimate (MRE) at South Crofty tin mine in Cornwall. LOWER AND UPPER MINE Revised figures show a 9.5 to 10% increase in indicated resources in the lower and upper mine area, and nearly 130% rise in inferred resources in […]
Red Rock acquires 100% of Migori gold project
Red Rock Resources plc has acquired 100% interest in the Migori gold project in southwestern Kenya. MINERAL RESOURCE ESTIMATE The company has also appointed CSA Global (UK) to provide a revised mineral resource estimate (MRE) for the project. This will bring the 1.2 million oz MRE reported in 2013 according to the JORC 2004 code […]