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Friday, December 10, 2021 - 13:22:06
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Mining News Pro - MAS Gold has updated the resource estimate for its North Lake gold deposit in the La Ronge Gold Belt of northeastern Saskatchewan, increasing the tonnage by 28.3% and in situ gold resources by 18.5%.
Using a cutoff of 0.4 g/t gold, the deposit is now estimated to contain 18.1 million inferred tonnes averaging 0.85 g/t gold for 494,000 contained oz. of gold. A 2020 estimate contained 14.1 million inferred tonnes at 0.92 g/t gold for 417,000 contained oz. of gold.
“The low-grade North Lake Mineral Resource, when combined with the high-grade deposit at Greywacke North, supports our strategic mine development plan that envisions a centralized plant processing material from North Lake, co-mingled with high-grade material from MAS Gold’s other La Ronge Gold Belt deposits,” said CEO Jim Engdahl.
A 43-101 technical report covering both North Lake and Greywacke North will be issued within 45 days.
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https://www.miningnewspro.com/En/News/617261/
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