Large Pilbara Gold Increase by Kairos MineralsMay 23, 2018
Auralia would like to congratulate one of our clients, Kairos Minerals, who today announced a 150% overall increase in their Pilbara Gold Mineral Resource inventory, which now stands at 643,000 ounces.
150% increase in the overall Pilbara Gold Project JORC 2012 Mineral Resource inventory, including the Mt. York, Iron Stirrup and Old Faithful gold deposits, to:
o Indicated and Inferred Resource of 14.4Mt @ 1.39g/t Au for 643,000oz
290% increase in the JORC 2012 Mineral Resource for the Mount York gold deposit to:
o Indicated and Inferred Resource of 11.3Mt @ 1.34g/t Au for 486,000koz
Main Hill-Breccia Hill-Gossan Hill now confirmed as a single deposit that extends over 3.5km of strike – now described as the Mt York gold deposit moving forward. The substantial increase stems from the highly successful extensional drilling program completed last year.
Each of the deposits remain open both along strike and at depth, providing outstanding opportunities to further increase the Resource and target higher-grade mineralization at depth.
A major new drilling program has commenced to follow up these opportunities and pave the way for further resource increases.
More information on this announcement, the Company and their projects can be found here
Kiziltepe Exceeds 1st Quarter TargetsApril 17, 2018
Congratulations to Dr. Kerim Sener and his Ariana Resources’ team on their excellent 1st quarter results at the Kiziltepe project in Turkey.
Auralia was proud to assist Ariana with technical mine planning & consulting expertise during the formative phases of the Kiziltepe project, which produced 4,866 ounces of gold from its Kiziltepe project in Turkey during the first quarter to March 31, an 8% increase quarter on quarter.
The company expects to produce 20,000 ounces for the full year.
“The performance of Kiziltepe continues to exceed feasibility expectations and this quarter of production marks a solid start to 2018,” said managing director Kerim Sener.
“First quarter gold production was 8% higher than the previous quarter, augmented by a 4% increase in gold recovery from the processing plant. During the current quarter, we are expecting output to increase further based on our 2018 mining schedule and particularly as we start to access higher grade areas of the Arzu South vein. Consequently, we are confident in delivering positively against our production guidance for 2018.”
For more information on Arianna Resources, click here
Independent Geology Report – Koppar ResourcesApril 6, 2018
New IPO Koppar Resources launched today; Auralia provided their Independent Geology Report (IGR) for the Prospectus.
Two of the three directors are Patrick Burke and Bill Oliver, who were involved with the successful listing of Pilbara-focused zinc, copper and gold explorer Tando Resources (ASX:TNO) in November last year. Tando shares have quadrupled in value from an issue price of 20c to 79.5c at Tuesday’s close.
[Pic Credit – Stockhead.com.au]
Life Of Mine SchedulingApril 5, 2018
Throwback Thursday: It was almost 5 years ago that Auralia was onsite at the then G-RES owned Martabe Gold Mine in northern Sumatra, providing onsite training in conjunction with assistance daily production technicals and the implementation of Life of Mine schedules, similar to the video shown here.
For more information on the Martabe mine, head here: http://www.agincourtresources.com/a-brief-overview/