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Maiden Troulli Mineral Resource Estimate
Maiden Troulli Mineral Resource Estimate.
About this update from Critical Mineral Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3944H\n Caerus Mineral Resources PLC\n 06 April 2022\n \n \n \n \n 06 April 2022\n \n \n \n \n \n \n Caerus Mineral Resources PLC\n \n (\"Caerus\") &\n \n Bezant Resources PLC (\"Bezant\")\n \n \n Maiden Mineral Resource Estimate for the Troulli Au and Cu Project, Cyprus \n \n \n Caerus Mineral Resources \n (LON: CMRS) and\n \n Bezant Resources\n (AIM: BZT), the exploration and resource development companies (the \"Companies\") with a Joint Venture (\"JV\") focused on the Troulli Mine Development Project and other copper-gold JV targets in Cyprus, are pleased to \n announce the results of an independent Initial Mineral Resource Estimate, reported in accordance with JORC (2012), in respect of the Troulli Cu-Au project (\"Troulli\" or the \"Troulli Project\").\n \n \n \n Highlights\n \n :\n \n \n · \n Independent Indicated and Inferred Mineral Resources Estimates for \n Troulli\n , reported in accordance with JORC (2012) prepared by Addison Mining Services Limited (\"AMS\"). The \n input databases for the waste dumps and hard rock \n estimates included:\n \n \n o \n 72 diamond and open hole percussion drillholes, totalling 3,393.30 metres.\n \n \n o \n 208 trench channels for 692.17 metres.\n \n \n · \n At a selected cut-off grade of 0.5% Cu, a hard rock resource estimate of approximately 2.7 million tonnes at a Cu equivalent grade of 0.74% CuEq (0.51% Cu and 0.26 g/t Au) has been established\n \n \n · \n A Total Hard rock resource estimate of approximately 4.9 million tonnes at 0.41% Cu and 0.2 g/t Au for 20,000 t of Cu metal and 31,000 ounces of Au, from a cut-off grade of 0.26% Cu equivalent. \n \n \n · \n The Hard Rock Estimate is comprised of:\n \n \n o \n Indicated Gossan Resources of 260,000 tonnes at 0.18% Cu and 0.91 g/t Au for 460 t of Cu and 7,700 ounces of Au.\n \n \n o \n Inferred Gossan Resources of 180,000 tonnes at 0.14% Cu and 0.47 g/t Au for 260 t of Cu and 2,800 ounces.\n \n \n o \n Inferred Breccia Resources of 4.4 million tonnes at 0.43% Cu and 0.14 g/t Au for 19,000 t of Cu and 21,000 oz of Au. \n \n \n · \n Inferred waste and tailings dump resources of approximately 93,000 tonnes at 0.76% Cu and 0.12 g/t Au for 710 tonnes of Cu and 360 oz of Au.\n \n \n Outlook\n \n \n The C...