Reliance Resources hires consultant for resource estimation
Friday, January 27 2012 - 02:02 AM WIB
Reliance Resources Ltd. said that it had hired Mining Associates, an internationally recognized independent consulting firm, to prepare an updated estimation report on The Tanoyan Gold Project, North Sulawesi.
The company said on Thursday that the updated mineral resource estimation would include results from the recent phase 1 program of diamond core drilling and geological mapping.
The phase 1 drilling program completed 5,041.8 meters of drilling in 44 holes. A total of 1753 drillcore samples were assayed by PT Intertek in their analytical facility in Jakarta.
Mining Associates is a specialist geological and mining consultancy based in Brisbane , Australia . It focused on providing the client with an understanding of the fundamental geological controls.
Reliance Resources is active on four of its five Indonesian gold projects; currently preparing for the Phase 2 drill program, in Sulawesi and Halmahera.
Editing by Benget Besalicto Tnb.