Flagship eyes big resource boost from old Chilean gold dataset
Paul Lock, General Manager of Minerals, said: “Higher degrees are usually open in depth, especially in the eastern parts of the mineralized region, which we see silver with higher grade gold.
The priority of the flagship is to convert the existing foreign forecast to an official Jorc compatible source. The company also believes that by integrating 21 holes and reinterpreting the comprehensive past data set, it can increase tonnage and degree financially with the minimal new drilling.
Most of the information obtained in the data set were produced by heavy precursors such as Anglo American, Kinross Gold and Orosur mining. In total, the drill hole database consists of 183 holes for 30,370m drilling and approximately 19,000 test samples.
The flagship also put a 14,000 -meter diamond drill seed in his pocket, stored meticulously by Anglo in CopiaPó and is now ready for fresh analyzes.
The entire database is the cost of the company’s cost slightly below $ 3 million, which is estimated to reset Pantanillo and make an important start to the project to the company, and a part of the five years.
After a Jorc compatible source has been published, the company says it will work on the development scenarios based on open pit mining.
Metallurgical test studies have already shown good recovers and most of the mineralization are oxide or mixed oxide-sulfur. This can provide an excellent raw material for low -cost stack leakage and 100,000 ounces of gold production profile during a 10 -year mine life.
On a wider scale, Pantanillo sits in the middle of Chile’s Maricunga Golden Belt – a region that drips with more than 65 million yellow metal. The neighborhood, Newmont-Barrick’s 27 million ounce of Norte ABEERTO deposit, stacked with giants just 40 kilometers southwest.
Increasing the identity of the region, Kinross’s 10.7 million ounce of Maricunga project is located 25km west of Pantanillo, while Hochschild Mining’s 11 million ounce of volcano deposit is almost 10km northwest.
With an increasing historical data case, multiple high -effective drill target and a clear development vision, a flagship can be on the verge of rewriting the script in Pantanilllo by transforming a dusty Chilean heritage into the next major gold game of Maricunga Generation.
Does your company on the ASX list do something interesting? Contact: Mattbirney@bullsnbears.com.au
