RTG Announces Maiden Mineral Resource at Mabilo of 5.87MT Indicated Resource and 5.50MT Inferred Resource

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[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nRTG ANNOUNCES MAIDEN RESOURCE OF 5.87MT CONTAINING 202,000T OF CU EQUIV\n METAL IN INDICATED RESOURCES AND 5.50MT CONTAINING 146,000T OF CU EQUIV METAL IN INFERRED RESOURCES \n\n\nANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE\n\n\n\n\n\nSUBIACO, Western Australia, Nov. 24, 2014 /CNW/ - RTG Mining Inc.\n (\"RTG\", \"the Company\") (TSX Code: RTG, ASX Code: RTG) is pleased to report the maiden Mineral Resource, with an effective\n date of 14 September 2014, for the Mabilo Project reported in\n accordance with NI 43-101 Standards of Disclosure for Mineral Projects\n and the JORC Code (2012). The Indicated Resource includes significant\n high grade oxide gold and copper at shallow levels which contains\n 67,000 ounces of gold, 32,000t of copper and 312,000t of iron.  These\n resources could be mined with limited capital requirements which could\n allow for the majority of capital expenditure on the primary plant to\n be funded from the oxide ore.\n\n\nThe magnetite skarn mineralisation which makes up a significant portion\n of the Mineral Resource is well defined and continues to remain open in\n multiple directions and is the subject of further drilling. The copper\n equivalent grade of the Indicated Mineral Resource is 3.4%* after\n diluting for full recovery assumptions.\n\n\nHighlights of the resource include: -\n\n\n\nTotal Indicated Resource of 5.9Mt at 2.1% Cu, 2.2g/t Au, 8.4g/t Ag and\n 49% Fe, containing 121,000t copper and contained gold of 414,000oz at a 0.3g/t\n Au cut-off grade (Table1)\n\n\nTotal Inferred Resource of 5.5Mt at 1.5% Cu, 1.7g/t Au, 12.9g/t Ag and\n 39% Fe, containing 84,000t copper and contained gold of 302,000oz at a 0.3g/t\n Au cut-off grade (Table 1)\n\n\nIndicated Oxide Resource that includes a high grade oxide gold \"cap\"\n zone (340,000t @ 3.2g/t Au) and a very high grade Supergene Chalcocite zone (101,000t @ 24.0% Cu) at shallow levels (Table 2). Both represent significant value with the\n mining of this product potentially able to assist in funding capital\n development of the larger primary plant.\n\n\nSignificant upside potential remains to upgrade the Inferred Resource\n and to further extend the magnetite skarn mineralisation along strike\n and down dip beyond the current resour...

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