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Barsele Minerals Announces an Updated Mineral Resource Estimate, with 2,086,000 Inferred Gold Ounces and 324,000 Indicated Gold Ounces
This Mineral Resource Estimate has been prepared using reasonable cut-off grades for pit constrained, bulk underground and selective underground extraction mini
About this update from Goldsky Resources Corp.
[{"type":"text","content":" This Mineral Resource Estimate has been prepared using reasonable cut-off grades for pit constrained, bulk underground and selective underground extraction mining methods. Specific extraction methods are used only to establish reasonable cut-off grades for various portions of the deposit. No Preliminary Economic Analysis, Pre-Feasibility Study or Feasibility Study has been completed to support economic viability and technical feasibility of exploiting any portion of the mineral resource, by any particular mining method. Thirteen percent of the ounces are classified as Indicated Resources. VANCOUVER, Feb. 21, 2019 /CNW/ - Barsele Minerals Corp. – (TSX-V: BME) (\"Barsele\") is pleased to report that an independently verified Mineral Resource Estimate has been completed for the purposes of the Company on the Barsele Gold Project in Västerbottens Län, northern Sweden (the \"Barsele Project\"). The study concludes that diamond drilling to date along the Avan–Central–Skiråsen gold zones at a 0.50 g/t gold cut-off for a pit constrained extraction mining method and a 1.50 g/t gold cut-off for a bulk underground extraction mining method and a 1.80 g/t cut-off for a selective underground extraction mining method, has in combination, outlined an Inferred Resource of 25,495,000 tonnes grading 2.54 g/t gold (2,086,000 ounces of contained gold) and an Indicated Resource of 5,578,000 tonnes grading 1.81 g/t gold (324,000 ounces of contained gold). Mineral Resource Estimate Indicated Inferred CUT-OFF (g/t) Tonnage (t*1000) Gold (g/t) Gold Ounces Tonnage (t*1000) Gold (g/t) Gold Ounces Pit Constrained 0.50 3,452 1.32 147,000 1,819 1.59 93,000 Bulk Underground 1.50 1,442 2.53 117,000 8,759 2.58 728,000 Selective Underground 1.80 684 2.75 60,000 14,917 2.64 1,265,000 Total 5,578 1.81 324,000 25,495 2.54 2,086,000 Mineral Resource Estimate Footnotes: 1 The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by NI 43‑101, are Harold Brisson, P.Eng. and Carl Pelletier, P.Geo., both from InnovExplo Inc., and the effective date of the Mineral Resource Estimate is February 14, 2019 2 These mineral resources are not mineral reserves, as they do not have demonstrated economic viability 3 The mineral resource estimate follows current CIM definitions and guidelines for mineral resources. 4...