Maiden JORC Resource at Feni of 650,000 Oz Au
4 May 2015
Maiden JORC Resource at Feni (Kabang prospect) of 650,000 Oz gold (19.9 Mt at 1.01 g/t) has been modelled by H&S Consultants based on a comprehensive review of all historic geophysical and geochem drill hole data.
“We have spent considerable time and effort in not only combining all the various historic data (that goes back some 30 years) into a database and then systematically analysing and modelling this to provide a first JORC resource for the Kabang prospect. The report concluded that the resource is open in all directions, and there is also a copper target within close proximity to the gold zone. In addition to Kabang there are a number of other targets on the island that we intend to investigate as part of our further exploration programme that will ultimately include further drilling to expand this Resource base” – stated Tom Charlton