From an announcement back in Feb. This is quite substantial and could also explain the growing interest in OXR from instos.
Sepon Project - Silver Resources
26-02 1114
Oxiana has completed an initial evaluation of the silver resource
contained within the Khanong copper orebody. An inferred resource
containing 20 million ounces of silver has been estimated. Silver
contained within the Sepon gold deposits is estimated at 7 million
ounces giving a total silver resource to date of 27 million ounces.
KHANONG COPPER BFS
The Khanong copper orebody comprises predominantly leachable
chalcocite and oxide copper ores. Oxiana is undertaking a Bankable
Feasibility Study (BFS) in 2002 evaluating the optimum potential
development plan for Khanong. Initial studies point to a 45,000 t/a
75,000 t/a leach/sx/ew copper metal operation utilizing Laos
hydro-electric power.
Oxiana drilling and metallurgical testwork to date has been focussed
on the copper resource. Khanong has also returned robust silver
grades and an evaluation of the silver content has recently been
completed.
SILVER RESOURCE
Silver resource estimates for the Khanong copper deposit and Sepon
gold deposits are tabulated below:
KHANONG COPPER SEPON GOLD DEPOSITS
DEPOSIT
Tonnes 45 million 70 million
Silver Grade 14 g/t 3.1 g/t
Contained Silver 20 million oz 7 million oz
Notes:
1. Inferred silver resources contained within the Khanong copper
deposit are estimated at a 0.5% Cu cut-off grade.
2. Total measured, indicated and inferred silver resources contained
within the Sepon gold deposits are estimated at a 0.5g/t Au cut-off
grade as previously reported.
SILVER PROCESSING AND RECOVERIES
In the gold project the silver will be recovered into the gold
bullion. The BFS showed silver recoveries to be variable.
The copper BFS will determine expected silver recoveries front the
Khanong copper orebody.
O Hegarty
MANAGING DIRECTOR
Within this statement references to resources have been approved for
release by Tony Manini BSc (Hons), FAusIMM who has more than five
years experience in the field of activity concerned.
ends - AAP
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OXR
oxiana limited
Also as a silver play
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