Sihayo updates mineral resource estimates
Monday, June 17 2013 - 05:25 AM WIB
ASX-listed Sihayo Gold Limited updated its Sihayo-Sambung Mineral Resource Estimates which are reported in accordance with the JORC guidelines and code of 16.9Mt at 2.6 g/t Au containing 1.4Moz.
This update includes all remaining infill drill results at the Sihayo and Sambung deposits and is based on Mineral Resource Estimates review and work undertaken by H&S Consultants Pty Ltd.
?Recently completed near surface infill drilling at Sihayo has made a significant contribution to the upgrade of Resources into the Measured category and reduces risk associated with our proposed approach to mining this project?, Stuart Gula, Chief Executive Officer said in the statement on Monday.
The company said that definitive feasibility study (DFS) completion work was in progress to update the DFS in order to include the outcome of this revised Resource statement and ongoing metallurgical testwork.
Editing by Adianto P. Simamora