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Lipari Mining Announces NI 43-101 Mineral Resource Estimate for the Tchiengo Diamond Project, Angola
Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (formerly Golden Share Resources Corporation) ("Lipari" or the "Company") is pleased to announce the completion of a National Instrument 43-101 ("NI 43-101") compliant Mineral Resource Estimate for the Tchiuzo kimberlite pipe, part of the Company's 75%-owned Tchitengo Diamond Project, located in northeastern Angola.This milestone establishes Tchiuzo as the initial kimberlite pipe to advance toward development wi
About this update from Lipari Mining Ltd
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (formerly Golden Share Resources Corporation) ("Lipari" or the "Company") is pleased to announce the completion of a National Instrument 43-101 ("NI 43-101") compliant Mineral Resource Estimate for the Tchiuzo kimberlite pipe, part of the Company's 75%-owned Tchitengo Diamond Project, located in northeastern Angola.","length":441,"tagName":"p"},{"type":"text","content":"This milestone establishes Tchiuzo as the initial kimberlite pipe to advance toward development within a broader cluster of 30 kimberlite pipes identified on the property, marking a critical step in unlocking the project's full potential and creating value for the Company and its shareholders.","length":298,"tagName":"p"},{"type":"text","content":"Mineral Resource Highlights:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Indicated Resource:32.1 Mt of kimberlite containing 14.6M carats, at a grade of 46 carats per hundred tonnes (cpht) to a depth of ~220 m.","length":138,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":138,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Inferred Resource:22.7 Mt of kimberlite containing 8.5M carats, at a grade of 38 cpht to a depth of ~360 m.","length":108,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":108,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"The estimate is based on a 1mm diamond bottom cutoff size, appropriate for commercial diamond mining operations.","length":112,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":112,"olType":false},{"type":"text","content":"The Mineral Resource Estimate was independently prepared by Z Star Mineral Resource Consultants (Pty) Ltd. ("Z Star") of South Africa in accordance with Canadian National Instrument 43-101 guidelines.","length":210,"tagName":"p"},{"type":"text","content":"Ken Johnson, President and CEO of Lipari Mining, commented: "This NI 43-101 compliant mineral resource estimate marks a major milestone for Lipari as we execute our growth strategy in Angola. With this robust initial resource at Tchiuzo and a strong foundation of historical work, we now have a clear path...