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Komet Resources Files Initial Mineral Resource Technical Report for the Kabaya Prospect, (Dabia Sud property, Mali)
QUEBEC CITY, March 07, 2019 (GLOBE NEWSWIRE) -- Komet Resources Inc. (TSX-V: KMT) (“Komet” or the “Company”) is pleased to announce today that a technical repor
About this update from Brunswick Exploration, Inc.
[{"type":"text","content":" QUEBEC CITY, March 07, 2019 (GLOBE NEWSWIRE) -- Komet Resources Inc. (TSX-V: KMT) (“Komet” or the “Company”) is pleased to announce today that a technical report, prepared in accordance with National Instrument 43–101 (“NI 43–101”), has been filed for the Kabaya Gold Resource, located in the southeastern part of the company’s Dabia Sud property, western Mali, West Africa (“the Report). The report supports the disclosure made in Komet’s press release issued on January 21, 2019, entitled “Komet announces initial Mineral Resource Estimate for the Kabaya Prospect.” There are no material differences in assumptions and estimates contained in the Report from those disclosed in the news release. The report, dated March 5, 2019, is entitled “Dabia Sud Property, Kabaya Resource, NI 43–101 Technical Report, Mali” and was prepared by independent “Qualified Person” (as defined in NI 43–101) under the direction of Yann Camus, P.Eng., SGS Geological Services, Blainville, Canada. The report is available on SEDAR (www.sedar.com) and on the company’s website (kometgold.com). Highlights of the Resource Estimate include: An Indicated Resource of 3.17 million tonnes (Mt) grading 1.03 g/t for 105,000 contained gold ounces and an Inferred Resource of 0.96 Mt grading 1.14 g/t for 35,000 contained gold ounces at a cut-off grade of 0.40 g/t Au. The pit constrained resource is based on optimized pit shells using a gold price of 1350 US$ and a presumed heap leach gold recovery of saprolite ore. Gold mineralization at Kabaya remains open at depth in bedrock and laterally to the southwest and northwest. Pit-constrained Indicated and Inferred Resources estimates as reported by SGS Classification Tonnage (Mt) Au (g/t) Ounces (koz) Indicated 3.17 1.03 105 Inferred 0.96 1.14 35 Effective date for resources is January 7, 2019. The independent QP for this resource estimate is Yann Camus, Eng., SGS Canada Inc. The mineral resources are presented at a 0.4 g/t Au cut-off grade in pits. The resources are presented without dilution. Whittle pits have been utilized based on a gold value of US$1,350/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This disclosure does not include economic analysis of the mineral resources. No economic evaluation of the resources has been produced. This ...