Tulu Kapi Jorc-compliant resource updated
JOHANNESBURG (miningweekly.com) – Gold and copper exploration and development company Kefi Minerals on Wednesday announced an updated Joint Ore Reserves Committee- (Jorc-) compliant indicated and inferred mineral resource of 24.1-million ounces of gold for its Tulu Kapi project, in Ethiopia.
Kefi managed the project and owned 75% thereof, with East African gold exploration and development company Nyota Minerals having exposure to 34% of any upside realised from the project through its shareholding in the project and Kefi.
Following the upgrade, the project’s indicated resource stood at 21.2-million tons at 2.73 g/t for 1.86-million ounces of gold.
As a result of upgrading the indicated resource, the inferred category had been reduced to 2.9-million tons at 2.03 g/t for 189 000 oz of gold.
“We are delighted with the more than 65% increase of the Tulu Kapi Jorc-compliant indicated resource,” Kefi MD Jeff Rayner commented.
Meanwhile, the company said surface sampling of hand-dug trenches and structural mapping at the deposit was about 50% complete.
“This work is important to confirm continuity of mineralisation as projected to surface from the revised block model and also to provide additional structural data in which to further constrain and improve the model for further resource updates,” Kefi said.
Further, a reverse-circulation drilling programme of 20 holes was expected to start later this month. The aim of this was to infill the existing drill database when required for final confirmation of mineralisation within the expected openpit reserve.
“We are improving our understanding of the mineralisation through detailed structural mapping and surface sampling. Our progress has been rapid and work continues with a small programme of infill reverse-circulation drilling for use in final mine planning, scheduled to be completed next quarter,” Rayner said.
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