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
Akoko North Resource Grade Increased by 37%. With Gold heading...
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Last
0.5¢ |
Change
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Mkt cap ! $6.122M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $18.44K | 3.676M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 7667670 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 342847 | 2 |
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| Last trade - 15.05pm 21/06/2024 (20 minute delay) ? |
| CDT (ASX) Chart |