OAU 9.09% 0.5¢ ora gold limited

previus runge indicated resource

  1. 2,922 Posts.
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    The following article is a bit old, but indicative resources are very noticeable.

    1. 1.74MT copper
    2. 650,000 oz gold
    3. most importantly 'to a depth of 140m'
    ------------------------------------------------------------

    Thundelarra claims Red Bore interest
    7th May 2012

    PERTH, May 7 – Thundelarra Exploration has put its hand up for a 60% participating interest after releasing a JORC Code-compliant resource for the Red Bore copper-gold deposit in the Doolgunna region of the Murchison Province, Western Australia.
    Under an option agreement signed in April 2010 with the holder of the Red Bore mining lease, Bill Richmond, Thundelarra had two years to define a JORC resource. If it missed the deadline, the company would lose all rights to earn an interest in the lease area.
    Thundelarra argues it has met the conditions to earn the 60%, and will lodge an earn-in notice -- but admits wryly that “it anticipates that the notice May be disputed”.
    The maiden resource estimate by international mining consultancy Runge shows indicated resources of 1.74Mt copper and 650,000oz gold to a depth of 140m.

    (https://www.highgrade.net/article/2012-05-02/Thundelarra_claims_Red_Bore_interest)


    Regards,
 
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