Business
Global Resource Statement
Global Resource Statement.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4902P\n Griffin Mining Ld\n 18 February 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n New Total Global Mineral Resource Statement\n \n \n \n \n \n 50% Increase in Mineral Resource at Caijiaying Zinc-Gold Mine to\n \n \n 101.5 million tonnes\n \n \n \n \n \n \n US$17.7 Billion Metal in Situ\n \n [1]\n \n \n \n \n \n \n \n \n \n \n \n 18th February 2021\n \n \n \n \n \n Griffin Mining Limited (\"Griffin\" or the \"Company\") is pleased to announce the new Global Mineral Resource estimate for its Caijiaying Zinc-Gold Mine in the People's Republic of China\n . The new Global Mineral Resources from the 4 main deposit \"Zones\", reported in accordance with the JORC Code (2012), total:\n \n \n · \n \n 101.5 million tonne Global Mineral Resource (from 67.7 million tonnes\n \n 2\n \n )\n \n \n \n · \n \n 4.0 million tonnes of Zinc Metal (from 2.7 million tonnes\n \n 2\n \n )\n \n \n \n · \n \n 1.6 million ounces of Gold (from 1.0 million ounces\n \n 2\n \n )\n \n \n \n · \n \n 88.8 million ounces of Silver (from 48.5 million ounces\n \n 2\n \n )\n \n \n \n · \n \n 0.6 million tonnes of Lead (from 0.2 million tonnes\n \n 2\n \n )\n \n \n \n \n \n \n The global Measured, Indicated and Inferred Mineral Resource estimate totals 101.5 Mt at 3.9% Zn, 0.6% Pb, 27.0 g/t Ag and 0.5 g/t Au, resulting in total contained metal of approximately 4.0 million tonnes of zinc metal, 0.6 million tonnes of lead metal, 88.8 million ounces of silver metal and 1.59 million ounces of gold metal. \n \n \n This is an increase of 33.9 Mt (50%) from the previous mineral resource, which incorporated Zone II and III only, of 67.6Mt @ 3.9% Zn, 0.4% Pb, 22.3g/t Ag and 0.5 g/t Au, as reported on 16th June 2020 in Griffin's 2019 annual report and accounts. \n \n \n The contained metal has increased from approximately 2.653 to 3.968 million tonnes of zinc metal, 0.242 to 0.606 million tonnes of lead, 48.5 to 88.8 million ounces of silver and 1.025 to 1.593 million ounces of gold.\n \n \n The Mineral Resources at Caijiaying are distributed among four \"Zones\" with the main line of lodes stretching 3km in strike. Zones II, III and VIII are all accessible from the existing mine infrastructure while Zone V is located just 0.8km west of Zone II. As previously ...