Sihayo reports Sihayo-Sambung JORC compliant resource
Tuesday, June 12 2012 - 05:59 AM WIB
Australia-listed firm Sihayo Gold Limited announced the new upgraded Sihayo-Sambung JORC Compliant Resource of l7Mt at 2.7 g/t Au containing 1.5Moz.
The company said in a press statement on Tuesday that the update included some additional drill results at the Sihayo Resource and it was based on resource calculation work undertaken by Runge Limited.
?Reaching the key milestone of 1.5Moz is a very satisfying achievement and places the company in a favourable position as we approach the conclusion of our definitive feasibility study," said Paul Willis, Chief Executive Officer of the company.
The Sihayo-Sambung JORC Compliant Resource of 17.0 Mt at 2.7 g/t Au for 1.5 Moz contains gold lies on about 2.7km of a 5.5km long trend of gold mineralization that has been defined by surface exploration work.
Gold within the Sihayo-Sambung Resource is contained within ?Jasper? that has replaced calcareous stratigraphy in a number of geological settings.
Editing by Benget Besalicto Tnb.