Kobada Gold Project Mineral Resource Estimate Above 0.3 g/t Au
|Resource Category||Mt||Au g/t||Au koz|
|Measured Mineral Resource||10.8||1.06||367|
|Indicated Mineral Resource||25.2||1.04||843|
|Total M&I Resource||36.0||1.05||1,210|
|Inferred Mineral Resource||39.0||1.0||1,205|
The Kobada Measured and Indicated Mineral Resource totals 36 Million tonnes at 1.05g/t Au, containing 1.2 million ounces of gold.
The Inferred Mineral Resource contains a further 39 million tonnes at 1.0g/t Au for an additional 1.2 million ounces of gold.
The Kobada Mineral Resource stretches over 4km of strike, although the mineralised structure has been mapped over 12 km of strike.
The resource has been established from the drilling of more than 1,095 individual drill holes on the property, predominantly of diamond and reverse circulation drilling methods.
The total quantity of drilling completed to date is more than 126,000 metres (126km or 78.6 miles).
The resource comprises four main ore types:
The Kobada deposit is unusual for the depth of weathering, with the base of oxidation occurring up to 120m below surface in some locations.