Tri Origin Minerals Ltd has announced its first JORC compliant Measured, Indicated and Inferred resource estimate for the redevelopment of the Woodlawn Underground Project.
The Resource is 10.1Mt at 1.8% copper, 4.0% lead, 10.2% zinc, 0.55 grams per tonne (g/t) gold and 85g/t silver.
Bruce Robertson, the company’s managing director, said that this resource is the culmination of several months work and a significant outcome for the company.
“It provides the potential for Tri Origin to be classified as an emerging producer and thereafter re-rated and comparable to existing zinc producers as it progresses towards its objective of recommencing mining operations within the Woodlawn mining lease (SML 20),” he said.
The resource estimate is part of the prefeasibility study for the redevelopment of the Woodlawn Underground Project located in southern NSW. The overall resource grade equates to 16.9% zinc equivalent (Zn Eqv). The resource has been independently estimated by SMG Consultants (SMGC) at a cutoff grade of 7% Zn Eqv.
“A significant proportion of the resource is adjacent to underground workings developed from 1987-1998. The presence and impact of these workings on the conversion of resources to reserves will be considered during the mining study component of the prefeasibility,” said Mr Robertson.
“The company is confident a positive outcome will result from this study,” he added.
- 30 Oct 2006
http://www.minebox.com/story.asp?articleId=8494
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