One Asia realeases updated JORC resource for Pani gold project
Wednesday, December 3 2014 - 10:05 AM WIB
By Romel S. Gurky
One Asia Resources, an Australian unlisted public company, released on Wednesday its updated JORC Resource of for its Pani project which has been independently reviewed by SRK Australasia, as set out in the table below.
Summary of the mineral resources at a cut‐off grade of 0.2g/t is tabulated below:
| Classification | Tonnes (Mt) | Au Grade (g/t) | Au (million Oz) |
| Measured | 10.8 | 1.13 | 0.39 |
| Indicated | 62.4 | 0.81 | 1.63 |
| Inferred | 16.2 | 0.67 | 0.35 |
| Total | 89.5 | 0.82 | 2.37 |
Current optimization studies by One Asia indicate a cut‐off grade of around 0.30g/t Au. The mineral resources at a cut‐off grade of 0.3g/t is tabulated below:
| Classification | Tonnes (Mt) | Au Grade (g/t) | Au (million Oz) |
| Measured | 10.3 | 1.17 | 0.39 |
| Indicated | 56.7 | 0.87 | 1.58 |
| Inferred | 14.4 | 0.72 | 0.34 |
| Total | 81.4 | 0.88 | 2.31 |
Australian firms Lion Selection Group and Asian Lion own a combined equity interest of 35% of One Asia Resources. One Asia is focused on the development of two gold mines, Pani and Awak Mas, in Sulawesi.
Editing by Johannes Simbolon