Based on the very conservative estimates contained in this announcement, as well as the now confirmed 128,000 ozs „maiden“ JORC Gold resource (from only one part of Saki), Saki would now appear to contain more than 500,000 ozs of Gold.
This announcement also confirms Newmont’s earlier estimates that Saki will contain at least 500,000 ozs of Gold.
With FNT having 3 other known significant Gold bearing deposits within their 100% owned Tolukuma EL2531 tenement, it now appears that the total mineral resource could be at least 2 million ozs of Gold.
With Tolukuma EL2531 being very near to the existing Tolukuma ML104 mine and mill, FNT now look like they are on a real winner.
GLTAH.
Ann: 128,000oz Au Maiden Inferred Resource at Saki Prospect PNG, page-5
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