An Updated Resource Report for the Ciemas Gold Project has been produced by SRK Consulting China Limited (“SRK”), a global firm of mining consultants. The Resource Report – which is itself an IQPR – provides an update to SRK’s May 2013 Mineral Resource estimate, and is effective as at 30 June 2014.
The results indicate a 31% increase in the amount of Measured plus Indicated Resources, with a total Resource increase of around 6.5%, for a total contained gold content across all Mineral Resource categories of 38,970kg (versus the previous estimate of approximately 36,600kg). Inferred Resource quantities have decreased by about 25% as a result of the upgrade to more assured categories. Because all deposits at the Ciemas Gold Project are open at depth as well as along strike, the upgrade represents another step in the ongoing process of quantifying the total Mineral Resource of the Ciemas Gold Project. Please refer to the Resource Report for further details.