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Copper Flat Resource Estimate
Copper Flat Resource Estimate.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Copper Flat Resource Estimate\n \n \n\n \n Mercator Gold Plc\n \n \n\n \n \n \n MERCATOR GOLD plc\n \n \n (“Mercator” or “the Company”)\n \n \n AIM: MCR\n \n \n US OTC: MTGDY\n \n \n NI43-101 Copper Flat Resource Estimate by SRK\n \n \n London 25 May 2010\n \n \n Mercator Gold plc, the diversified mineral development company, is \n pleased to announce that the Mineral Resources of the Copper Flat \n copper-molybdenum-gold-silver deposit located in New Mexico, USA have \n been estimated by SRK Consulting (US), Inc (“SRK”) at 107 million short \n tons grading an average of 0.303% copper classified as Indicated \n Resources with an additional 46 million short tons grading an average of \n 0.240% copper classified as Inferred Resources. The resource is stated \n above a 0.12% copper cut-off and contained within a potentially economic \n open pit.\n \n \n The Mineral Resources are reported in accordance with Canadian National \n Instrument 43-101 (“NI43-101”) and have been estimated in conformity \n with the generally accepted Estimation of Mineral Resource and Mineral \n Reserves Best Practices guidelines of the Canadian Institute of Mining, \n Metallurgy and Petroleum (“CIM”).\n \n \n The SRK Mineral Resource statement for the Copper Flat deposit is \n presented in Tables 1 and 2 below.\n \n \n Patrick Harford, Managing Director of Mercator Gold plc, comments:\n \n \n “We are highly encouraged by the results of the SRK resource estimate \n for the Copper Flat deposit, which is stated at a cut-off grade that \n reflects current expectations as to the likely cut-off grade of economic \n interest and which will underpin the preliminary assessment being \n completed by SRK in advance of the Copper Flat project’s listing on the \n TSX Venture Exchange through the proposed transaction with THEMAC \n Resources Group Limited.”\n \n \n Resource Estimate\n \n \n Table 1: SRK Mineral Resource Statement for the Copper Flat Copper \n Deposit(1), May 6, 2010\n \n \n \n \n Resource Classification\n \n \n \n \n \n Quantity\n \n \n \n \n \n Grade Cu\n \n \n \n \n \n Contained Metal\n \n \n \n \n \n \n \n \n \n \n \n (Mst)\n \n \n \n \n (%)\n \n \n \n \n Copper (M-lbs)\n \n \n \n \n \n \n Indicated(2)\n \n \n \n \n 107\n \n \n \n \n 0.303\n \n \n \n \n 645\n \n \n \n \n \n \n Inferred(2)\n \n \n \n \n 46\n \n \n...