3.3 Million Ounces Gold in Resources Across Three 100% owned Northern Territory Gold Projects
JORC compliant global resource base increased from 1.67Moz to 3.3Moz gold including contributions from 3 distinct mineral systems:
* Old Pirate High Grade Gold Prospect at the Twin Bonanza Gold Camp Project with maiden resource (Inferred + Indicated) utilising a top-cut:
* 1.673Mt averaging 7.95g/t gold (top cut) for 427,400 ounces gold including higher grade zones of:
* 0.486Mt averaging 14.84g/t gold (top cut) for 231,600 ounces gold.
* Buccaneer Porphyry Gold Deposit also at the Twin Bonanza Gold Project with updated resource (Inferred and a new Indicated Resource) representing an overall global increase of 60% of gold ounces presented at varying cut offs:
* 127.9Mt averaging 0.65g/t gold for 2.67 million ounces gold (0.2g/t cut-off)
* 88.3Mt averaging 0.80g/t gold for 2.26 million ounces gold (0.4g/t cut-off)
* 44.1Mt averaging 1.1g/t gold for 1.57 million ounces (0.6g/t cut-off).
* Hyperion Gold Project (Hyperion Central & Hyperion South Zones) for maiden Inferred Resource utilising a top cut:
* 2.977Mt averaging 2.11g/t gold for 202,200 ounces gold (0.8g/t cut-off).
* Overall discovery / definition costs of less than $4 per ounce based on expenditure across the 3 prospects over 2 years.
3.3 Million Ounces Gold in Resources
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