https://www.engineeringnews.co.za

Tulu Kapi Jorc-compliant resource updated

12th March 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

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.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

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







301

sq:0.048 0.676s - 140pq - 2rq
Subscribe Now