June 22, 2010 Bingo Update: We are pleased to announce that recent assay results confirm high-grade mineralization at our Bingo Deposit. Click here to read the News Release.
- 316 m exploration on 2 levels.
- Detailed sampling to prove grade and continuity.
- Bulk sample 3,750 t.
Bingo Deposit: Underground Mine Model
- Underground mine designed to 200 metres (656 feet).
- 126,700 tonnes @14.44 g/t (0.42 oz/ton) gold.
- Total reserve = 58,300 ounces gold.
- Potential Mineable Portion of Resource, based on February 2009 resource estimate, calculated on preliminary mine design to 425 m (1,394 feet).
- Estimated at 300,400 tonnes with 11.52 g/t (0.34 oz/ton) gold, for 111,250 ounces gold.
- Access ramp to 100 metres (328 feet) completed during 2008 underground exploration program.
- High-Grade zone open to depth.
Bingo Deposit: Exploration Potential
New High-Grade Zone Recently Discovered
Plain View of Block Model and Drill hole WD-1888
In addition to the Bingo deposit being open to depth, 2 near-surface high-grade zones warrant resource definition work.
