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Batero Gold Reports Updated NI 43-101 Resource Estimate at La Cumbre Deposit
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2018) - Batero Gold Corp. (TSXV: BA...
About this update from Batero Gold Corp.
[{"type":"text","content":"Batero Gold Reports Updated NI 43-101 Resource Estimate at La Cumbre DepositVancouver, British Columbia--(Newsfile Corp. - November 9, 2018) - Batero Gold Corp. (TSXV: BAT) (\"the Company\") is pleased to report the Company's updated National Instrument 43-101 Measured, Indicated and Inferred mineral resource estimate for the La Cumbre Deposit within the Batero-Quinchia project located in Risaralda, Colombia (the \"Project\"). LINAMEC S.A.C. of Lima, Peru has prepared and authorized the release of this resource estimate.Mineral Resource Estimate and Exploration Potential Highlights:Measured Mineral Resources comprising 20.014 million tonnes grading 0.759 grams per tonne (g/t) gold, 1.837 g/t silver for a total of 488,336 ounces gold and 1.189 million ounces silver. Indicated Mineral Resources comprising 4.838 million tonnes grading 0.546 grams per tonne (g/t) gold, 1.485 g/t silver for a total of 84,864 ounces gold, 232,970 ounces silver. Inferred Mineral Resources comprising 8.914 million tonnes grading 0.628 g/t gold, 1.328 g/t silver for a total of 179,876 ounces gold and 462,592ounces silver. LIMAMEC recognizes the presence of a potentially significant volume of near surface oxidized gold mineralization within the resource area that may be amenable to heap leaching. Initial metallurgical test work on oxide mineralization returned up to 92% gold recovery. Mineralization in the near surface oxide zone is outlined in Table 1-2 with a significant portion of the oxide mineralization reported in the measured category.Please review Table 1-1, 1-2 and 1-3 \"We are very pleased that we were able to establish a significant measured, indicated and inferred mineral resource estimate within the prolific Mid Cauca belt of Colombia as we have focused on the near surface oxide mineralization at the La Cumbre Deposit,\" stated Gonzalo de Losada President and CEO Batero Gold Corporation. \"Batero continues to work on the Environmental Impact Study (EIA) with Servicios Ambientales y Geográficos - SAG and has advanced the abiotic, biotic and socio-economic characterization of the La Cumbre - Oxide Zone project.\" The mineral resource estimate represents that portion of the deposit with a reasonable prospect for economic extraction at this time and are reported within a conceptual Whittle pit shell using the parameters defined by LINAMEC (s...