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Resource Update
Resource Update.
About this update from Talisman Metals Plc
[{"type":"text","content":"\n \nRNS Number : 0296R Ovoca Gold PLC 22 October 2013 \n\nOvoca Gold Plc (\"Ovoca\" or the \"Company\")\n \nStakhanovskiy Resource Update\n \nOvoca Gold (\"Ovoca\" or the \"Company\") is pleased to provide a Resource estimate for the Stakhanovskiy Project. The Resource estimate has been reported in accordance with the JORC Code and is based on documentation prepared by a Competent Person.\nHighlights\nA Resource estimate, prepared in accordance with the JORC Code, has been completed for Ovoca's Stakhanovskiy Project, based on sampling information available as at the end of 2012. The estimate incorporates four shallow dipping, gold-bearing beresite dyke zones which comprise a total Identified Mineral Resource of 4.4 Mt containing 2.3 g/t Au, comprising 327 koz Au. This estimate is based on a cut-off grade of 0.5 g/t Au.\nResource Estimate\nResource modelling at the Stakhanovskiy Project has identified four mineralised areas, namely Zabolocheniy, Albitoviy, Burovaya, and Berezitoviy. Each mineralised zone is characterised by a unique dip and strike and gold bearing zones can vary in width from less than 1 m to more than 5 m. Geological boundaries were used to determine the mineralised zones and in some areas this effectively means that a cut-off grade of 0.0 g/t Au was used to establish the wireframes.\nMost of the mineralisation is shallow dipping and drilling is yet to close the mineralisation off at depth, hence additional resource potential remains. Modelling indicates that mineralisation extends to approximately 50 m to 60 m depth. Zabolocheniy is the steepest and best drilled domain and in some areas this structure has been modelled to approximately 100 m depth. Zabolocheniy retains the greatest potential for future resource development. Additional potential also exists at Burovaya and selected areas of Berezitoviy.\nMost of the mineralisation is characterised by low average grades:\n· Albitoviy comprises 1.14 Mt containing 0.23 g/t Au in three mineralised zones;\n· Berezitoviy comprises 2.73 Mt containing 0.63 g/t Au in two mineralised zones;\n· Burovaya comprises 1.44 Mt containing 1.15 g/t Au in one mineralised zone; and \n· &nbs...