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Odyssey Announces Conclusions and Recommendations of a Project Review and Results of a Reverse Circulation Drilling Programme on the Alous Copper-Silver prospect, Morocco
Odyssey Announces Conclusions and Recommendations of a Project Review and Results of a Reverse Circulation Drilling Programme on the Alous Copper-Silver prospect, Morocco.
About this update from Odyssey Resources Limited
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 12 /CNW/ - Odyssey Resources Limited ("Odyssey" or the\n"Company") (TSX-V: ODX), released today the contents and recommendations of a\nProject Review Study on the Alous Copper-Silver prospect undertaken by the\nScott Wilson Mining Group (Kent, UK) and the results of a Reverse Circulation\ndrilling Programme.\n\n\nThe Project Review is part of a larger company review of both the Alous\nprospect and other known deposits within the "Anti Atlas Copper-Silver\nProperty" in Morocco.\n\n\nThe "Anti Atlas Copper-Silver Property" comprises a series of adjacent\nand/or geographically closely spaced permits held either solely by Odyssey\nResources Limited or by l'ONHYM under an option agreement with Odyssey in\nMorocco.\n\n\nThe Alous Project Review Study\n\n\n------------------------------\n\n\nThe Study undertook:\n - a review of the Geology and Resource Model constructed by P&E\n Mining Consultants (completed to NI 43-101 and\n NI 43-101 F1 standards, September 2006)\n - Mine planning and design, and general site layout\n - a review (undertaken by Aker Kvaerner Engineering Services) of the\n available metallurgical testwork documentation\n - a site visit\n - a preliminary processing flow sheet and performance estimates\n - the compilation of preliminary Capital and Operating Costs\n - a review of potential project economics based on all classes of\n Mineral Resources including "Inferred" category material.\n\nThe previously prepared Geology and Resource Model was determined to be\nsuitable for the use of the Study. The mining potential of the mineral\nresource and alternative processing routes were evaluated using Whittle open\npit optimization analyses.\nFrom the P&E Mining Consultants Resource Model the total resource of the\nAlous prospect at a 0.3%TCu cut-off comprises:\n\n - an "Indicated Resource" of 5.407M t @ 0.8% TCu + 10g/t Ag\n - an "Inferred Resource" of 2.586M t @ 0.55% TCu + 4.2g/t Ag\n\n\nFrom the review of the limited available data on historical processing\ntestwork and based on the parameters of the P&E Mining Consultants Resource\nModel it was concluded that the heap leach process was potentially the more\napplicable processing technique. New metallurgical testwork, specifically on\nthe heap leach route, is however...