CGN 0.00% 1.8¢ crater gold mining limited

Ann: Crater Mountain Gold Mining Project Update, page-14

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  1. 131 Posts.
    That’s what they said on their website

    The Company believes that in the first year, production of 10,000 gold ounces is achievable.

    Crater Mountian
    Maiden Inferred Resources
    • A maiden inferred JORC compliant resource of 24Mt @ 1.0 g/t Au using a 0.5 g/t Au cut-off for 790,000 ounces has been defined ; this includes 9.4Mt at 1.46 g/t using a 1.0 g/t Au cut-off for 440,000 ozs (this inferred resource is open laterally and perhaps to depth, following down a possible steep plunge to the northeast) Importantly, the estimate does not include the High Grade Zone or the porphyry intrusion " feeder zone " at depth
    Substantial Upside
    • Only considers part of Main Zone at Nevera
    • Main Zone still open
    • High grade zone identified within Main Zone
    • Significant upside potential yet to be drilled
 
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Currently unlisted public company.

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