Cyprus joint venture6 Apr 2022 08:39
Lovely to see two RNS,a :)
Highlights:
· Independent Indicated and Inferred Mineral Resources Estimates for Troulli, reported in accordance with JORC Code (2012) prepared by Addison Mining Services Limited ("AMS"). The input databases for the waste dumps and hard rock estimates, included:
o 72 diamond and open hole percussion drillholes, totalling 3,393.30 metres.
o 208 trench channels for 692.17 metres.
· At a selected cut-off grade of 0.5% Cu, a hard rock resource estimate of approximately 2.7 million tonnes at a Cu equivalent grade of 0.74% CuEq (0.51% Cu and 0.26 g/t Au) has been established
· A Total Hard Rock Resource Estimate of approximately 4.9 million tonnes at 0.41% Cu and 0.2 g/t Au for 20,000 t of Cu metal and 31,000 ounces of Au, from a cut-off grade of 0.26% Cu equivalent.
· The Hard Rock Resource Estimate is comprised of:
o Indicated Gossan Resources of 260,000 tonnes at 0.18% Cu and 0.91 g/t Au for 460 t of Cu and 7,700 ounces of Au.
o Inferred Gossan Resources of 180,000 tonnes at 0.14% Cu and 0.47 g/t Au for 260 t of Cu and 2,800 ounces.
o Inferred Breccia Resources of 4.4 million tonnes at 0.43% Cu and 0.14 g/t Au for 19,000 t of Cu and 21,000 oz of Au.
· Inferred waste and tailings dump resources of approximately 93,000 tonnes at 0.76% Cu and 0.12 g/t Au for 710 tonnes of Cu and 360 oz of Au.