Akoko North Resource Grade Increased by 37%. With Gold heading towards US$2,000/ounce - CDT have got themselves into a strong position. I would not be surprised if AZM makes a bid for CDT in the near future.
http://www.asx.com.au/asxpdf/20110825/pdf/420mg74qxwqs4t.pdf
* New JORC Mineral Resource estimate for the Akoko North deposit totals
1.1mt @ 2.2g/t gold for 77,400 ounces
* Combined JORC Mineral Resource estimate for Akoko North and Akoko South
deposits totals 1.7mt @ 1.9g/t gold for 103,300 ounces
* Resource grade at Akoko North has increased by 37% due to higher grade
mineralisation being intersected in new RC drilling (reported earlier this year)
* Pit optimisation scoping studies at Akoko North captures 1.07mt @ 2.0g/t gold
(68,000 ounces) at a cash cost of US$575/ounce
* At a gold price of US$1,750/ounce the study indicates that the deposit could generate
an operating surplus of ~US$70M
* Shallow gold mineralisation with 80% of the resource above 50m
* Deposit is open to the south, west and east
* Strong potential to host additional shallow gold resources
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.118M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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27 | 14282210 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 4947110 | 21 |
View Market Depth
No. | Vol. | Price($) |
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27 | 14282210 | 0.003 |
15 | 12352675 | 0.002 |
7 | 21785050 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 4947110 | 21 |
0.005 | 11880354 | 12 |
0.006 | 1884595 | 5 |
0.007 | 1186227 | 4 |
0.008 | 1501297 | 1 |
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