https://www.miningweekly.com

Cascavel gets maiden resource estimate

23rd October 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Orinoco Gold has reported a maiden Joint Ore Reserves Committee-compliant mineral resource of 4 500 t, grading 15.4 g/t gold for 2 200 oz of contained gold at its Cascavel project, in Brazil.

The company told shareholders on Monday that the mineral resource estimate covered only the portion of the Cascavel lode which has been opened up for the underground mine development.

Given that the mineralisation remained open both down-dip and along strike, an exploration target of between 15 000 t and 46 000 t, grading at between 16 g/t and 49 g/t, for between 23 000 oz and 24 000 oz of contained gold, has also been estimated.

Orinoco CEO Craig Dawson said on Monday that a maiden mineral resource and exploration target at Cascavel marked a significant milestone for the company, as its understanding of the geometry, structure and grade distribution within the lode system continued to grow.

“Ultimately, the best way of modelling coarse gold systems is to open them up with mine development which we have now done with a small part of the overall high-grade lode system at Cascavel. The maiden mineral resource covers the area defined by mine development to date, and is therefore extremely limited in scope.”

Dawson said that there was also near-mine potential associated with the Cuca lode system, which is below the Cascavel lode, with an assessment of the Coca lode system planned for the first half of 2018.

Edited by Creamer Media Reporter

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.121 0.172s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: