Sihayo updates JORC resource of Sambung
Monday, June 4 2012 - 04:33 AM WIB
ASX-listed firm Sihayo Gold Limited has on June 4 announced the new upgraded Sambung JORC compliant resource of 16.4 Mt at 2.7 g/t Au containing 1,427,400 ounces from the previously recorded Sambung JORC compliant inferred resource of 1.7 Mt at 2.2 g/t Au containing 123,200 ounces.
This update was a result of the recently completed infill drilling program at the Sambung Resource consisting of 56 holes for 5,455 meters.
The result of the drill program is a JORC Compliant Resource of 1.8 Mt @ 2.2 g/t Au containing 125,400 ounces, comprising 1.0 Mt @ 2.3 g/t Au for 72,500 ounces in the indicated Category and 0.8 Mt @ 2.1 g/t Au for 52,900 ounces in the Inferred Category.
?The robustness of our Sihayo-Sambung Resource has been further strengthened. In many cases, contained gold ounces decrease when converting lower confidence inferred resources to the higher confidence indicated category," Chief Executive Officer, Paul Willis said.
To enable the likely inclusion of all the Sambung Resource into the Definitive Feasibility Study (?DFS?) a further 18 diamond drill holes for 1,390 meters will be completed as soon as possible.
Editing by Er Audy Zandri