SRK Consulting Engaged for JORC Mineral Resource Reporting for Lao Bauxite We are pleased to announce a milestone in the development of our exciting bauxite/alumina refinery project in Laos. ORD and its partner China Nonferrous Metal Industry?s Foreign Engineering and Construction Co., Ltd (?NFC?) have engaged world leading mining consulting firm SRK Consulting (?SRK?) to produce JORC Mineral Resources for our two tenements LSI and Yuqida. On 27 April a team of experts from SRK will travel to China start working with SARCO?s contractor Sinomine Resource Exploration Co., Ltd (?Sinomine?). They will visit Sinomine?s labs in China for resource analysis work. Sinomine has completed all major field work including almost 2,000 drill holes totalling 16,000 meters in total depth. Sinomine has commenced its resource modelling and calculation work in compliance with China?s resource estimation standard. Sinomine?s work will contribute greatly to SRK modelling and reporting. On 29 April the same team is scheduled to travel to Laos for a site visit. SRK will develop supporting documentation that will allow SARCO to publish Mineral Resource in accordance with the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserve, The JORC Code 2004 Edition. SRK will act as the Competent Person for the Mineral Resource Estimate. Currently SARCO has 130million ton of JORC indicated resource1 of high quality gibbsitic bauxite. Based on the extensive drilling by Sinomine since March 2010 we are confident of a substantial new Mineral Resource. This will further strengthen SARCO?s resolve to build a 600,000ton plus annual capacity alumina refinery.
RESULTS ANY DAY NOW..............
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9.3¢ Sentiment: Buy Disclosure: Held
