SGZ scotgold resources limited

SCOTGOLD RESOURCES LIMITED JORC 2012 MINERAL RESOURCE ESTIMATE...

  1. 364 Posts.
    SCOTGOLD RESOURCES LIMITED
    JORC 2012 MINERAL RESOURCE ESTIMATE FOR CONONISH GOLD PROJECT AND COMPANY UPDATE
    Scotgold Resources Limited ('Scotgold or 'the Company') is pleased to announce a new Mineral Resource Estimate ('MRE') for the Cononish Gold Project and provide an update on development activities. The MRE compiled by CSA Global (UK) Limited has been classified and is reported as Measured, Indicated and Inferred based on guidelines recommended in the JORC Code (2012). The Cononish Gold Project is part of the Company's gold portfolio located in Scotland and the MRE is a key step in the Board's plans, as announced on 19 October 2014, to optimise the project's development.
    SIGNIFICANT RESOURCE UPGRADE
    · Gold metal content of the Measured and Indicated Resource increased by 201% to 248 K oz;
    · Average gold grade of the Measured and Indicated Resource increased by 9% to 14.3 g/t;
    · Measured and Indicated Resource tonnes increased by 176% to 541 K tonnes;
    · Total MRE tonnes increased by 34% to 617 K tonnes; and
    · Average gold grade of the Total MRE increased by 18% to 13.4 g/t gold;

    Full release below

    http://www.investegate.co.uk/scotgo...ineral-resource-estimate/201501211052467422C/
 
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