MAIDEN INFERRED RESOURCE BLUE HEAVEN PROSPECT PRIMROSE GOLD PROJECT
Highlights
o Total Inferred Mineral Resource of approximately 1.035 Mt @ 3.2g/t Au for 105,000oz Au (1.0g/t cut off) at the Blue Heaven Prospect
o Includes a higher-grade component of approximately 0.582 Mt @ 4.7g/t Au for 87,000oz Au (1.5g/t cut off)
o Primrose Gold Project comprises the Company’s Blue Heaven and Pansy Pit Prospects. Inferred Mineral Resource based solely on Blue Heaven
o Significant potential upside exists via further drilling at the Pansy Pit Prospect
o Mineral Resource restricted to 100m depth below surface due to insufficient detailed drilling at depth of the nuggetty natured mineralization
o Preliminary desktop optimisation studies indicate strong potential for economic extraction of the majority of the mineral resource - approximately 784,000 tonnes at 3.6g/t Au for 92,000 ounces
o Company can now pursue the monetisation of the Blue Heaven Resource
o Further drilling required to further evaluate targets located down dip and along strike of untested historical workings (Exploration Target) and high-grade mineralisation down dip and plunge of the Mineral Resource below a depth of 100m below surface.
