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Benz Mining Files NI 43-101 Technical Report for Eastmain Mine Gold Deposit Mineral Resource

Mining News - Published on Wed, 11 Sep 2019

Image Source: benzmining.com
Benz Mining Corp announced that the Company has filed the NI 43-101 Technical Report titled "Technical Report and Mineral Resource Estimate on the Eastmain Mine Property, James Bay District, Quebec", prepared by P&E Mining Consultants Inc as initially announced on August 8, 2019. Benz has entered into an option agreement with Eastmain Resources Inc. to acquire a 100% interest in the former producing Eastmain Mine Gold Project.

The Mineral Resource Estimate reported tonnes and contained gold ounces, stating Total Indicated Mineral Resource of 899 kt at a grade of 8.19 gram per tonne gold, 8 gram per tonne silver and 0.13% copper and Total Inferred Mineral Resources of 579 kt at a grade of 7.48 gram per tonne gold, 8.2 gram per tonne silver and 0.16% copper.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resource Estimates do not account for mineability, selectivity, mining loss and dilution. Inferred Mineral Resources are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is also no certainty that Indicated Mineral Resources will be converted into Mineral Reserves, once economic considerations are applied; or that Inferred Mineral Resources will be converted to Measured and Indicated classifications through further drilling, or into Mineral Reserves, once economic considerations are applied.

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Posted By : Rabi Wangkhem on Wed, 11 Sep 2019
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