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Freeport Files Technical Report for Star Mountains Gold Project
Freeport Files Technical Report for Star Mountains Gold Project Canada NewsWire...
About this update from Freeport Resources Inc.
[{"type":"text","content":"\n \n \n \n Freeport Files Technical Report for Star Mountains Gold Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, Nov. 5, 2020\n \n \n \n \n \n VANCOUVER\n \n ,\n \n Nov. 5, 2020\n \n /CNW/ - Freeport Resources Inc. (TSX-V: FRI) (\"\n \n \n Freeport\n \n \n \", or the \"\n \n Company\n \n \") is pleased to announce that it has filed an independent technical report outlining the current resource estimate for its Star Mountains property located in\n \n Papua New Guinea\n \n (PNG).  A copy of the report is available under the Company's profile on SEDAR (\n \n www.sedar.com\n \n ).\n \n \n \"We are pleased to have completed this technical report which illustrates the current resource at Star Mountains,\" stated\n \n Freeport\n \n Chief Executive Officer, Gord Friesen.  \"We are hopeful that pandemic restrictions on movement both within, as well as to and from, PNG will ease in the new year.  This will allow us to undertake an exploratory drill program to possibly increase this resource as well as an infill drill program with the intention of moving the resource from the inferred category to the measured and indicated categories\".\n \n \n \n About the Star Mountains Property\n \n \n \n Star Mountains is a large copper & gold porphyry project in mining friendly,\n \n Papua New Guinea\n \n (PNG) comprising 4 tenements located 25km east of the giant Ok Tedi mine.  H&S Consultants Pty. Ltd. (\"\n \n H&SC\n \n \") have completed a maiden mineral resource estimate, in accordance with National Instrument 43-101, for the Olgal deposit situated on the EL 1312 tenement.  The current inferred resource, using a 0.3% copper cut-off grade, is 210 million tonnes grading 0.4% copper and 0.4 g/t gold, for 2.9 million ounces of contained gold and 1.9 billion pounds (840,000 tonnes) of contained copper.  Using current prices for gold and copper this is equivalent to approximately 5.7 million ounces of gold or 3.8 billion pounds (1,680,000 tonnes) of copper.\n \n \n \n About\n \n Papua New Gu...