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Rosita Mining Files National Instrument 43-101 Report - Stockpile gold-copper Resources at Santa Rita Project Increased
(via Thenewswire.ca) Toronto, Ontario / TheNewswire / March 22, 2016: Rosita Minin...
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[{"type":"text","content":"Rosita Mining Files National Instrument 43-101 Report - Stockpile gold-copper Resources at Santa Rita Project Increased(via Thenewswire.ca)\n \n \nToronto, Ontario / TheNewswire / March 22, 2016: Rosita Mining Corporation (RST: TSX-V) (\"Rosita\" or the \"Company\") has filed its previously announced National Instrument 43-101 Report (\"NI 43-101\") on SEDAR. Highlights of the report are outlined below.\n\n \n \nHighlights:\n\n \n \n-Stockpile resources upgraded to Indicated category \n\n\n \n-Total gold and copper resources increased from the 2012 estimate by 24% and 8% respectively\n\n\n \n-Maiden tailings resources estimated which provide additional resources to the project\n\n\n \n-Metallurgical optimization and permitting process commencing in first quarter of 2016 \n\n \n \nThe resource estimate in stockpiles totals 70.9 million lbs. of copper and 96,660 oz. of gold and 46.2 million lbs. of copper and 50,330 oz. of gold in the Indicated and Inferred categories respectively. Indicated resources total 6.46 million tonnes grading 0.47 grams gold per tonne and 0.5% copper per tonne whilst Inferred resources total 3.44 million tonnes grading 0.46 grams gold per tonne and 0.61% copper per tonne in a series of stockpiles located near the former producing Santa Rita gold-copper open pit mine. These estimates have been based on a US$10 net smelter return (\"NSR\") cut off. \n\n \n \nIn addition, the Company is also reporting maiden Inferred resources of 1.96 million tonnes grading 0.56 grams gold per tonne at cut-off of 0.3 g/t gold in tailings located proximal to the Santa Rita stockpiles. \n\n \n \nJohn Cook, President and CEO said \"The results of this revised 43-101 Study, now fully filed, gives us the base to advance the Project towards a production decision later this year. This is a significant gold and copper resource, already mined, that Rosita intends to advance.\" \n\n \n \nThe results of these resource estimates, which are summarized in Table 1 below, were prepared by Yungang Wu., P. Geo., an independent Qualified Person as defined by NI 43-101. \n\n \n \nTable 1 - Indicated and Inferred Mineral Resource Estimate, Santa Rita Stockpiles\n\n \n\nStockpiles\n\n\n\n\nClass\n\n\n\n\nTonne (kt)\n\n\n\n\nAu (g/t)\n\n\n\n\nContained Au (koz)\n\n\n\n\nCu %\n\n\n\n\nContained Cu (kt)\n\n\n\n\nAg (g/t)\n\n\n\n\nContained Ag (koz)\...