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Tanzanian Royalty Exploration Corp. Message Board

  • masai.warrior masai.warrior Jun 16, 2011 9:04 AM Flag

    JORC Compliant Resources on Tanzanian Royalty Properties

    Staying with the resources theme, for those willing to consider resources of an alternate standard two of TRE's properties currently under royalty agreements with Sloane Developments (now owned by Kibo Mining) contain JORC compliant resources.

    Itetemia - 422,250 ounces gold (266,100 ounces Indicated, 156,150 ounces Inferred). Resource is JORC-compliant.

    Source - http://kibomining.com/en/projects/itetemia_gold

    Luhala - A resource calculation commissioned by Sloane Developments Ltd in 2007 ( now a wholly owned subsidiary of Kibo) based on drilling and trenching carried out by Tan Range in the period 1996 - 2006 reported a JORC inferred resource of 1,860,000 tonnes @ 1.9 g/t for 111,900 ounces of gold. This resource was calculated from three target zones, Shilalo West, Shilalo South and Kisunge located in an area known as Luhala Hills. The resource calculation was carried out by CSA Global.

    Source - http://kibomining.com/en/projects/luhala_gold

    To sum up that subject it appears that the company does have a sound resource base some of which is now 43-101 compliant.

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