Orbis Gold Limited (Orbis) is pleased to advise that an updated Mineral Resource estimate has been completed for the Natougou gold deposit, south-east Burkina Faso.
The resource update was based on an additional 358 diamond core drill holes and 21 reverse circulation drill holes completed during the 2014 field season.
The Natougou resource estimate was prepared by Snowden Mining Industry Consultants and is reported in accordance with the JORC Code (2012).
The updated resource estimate includes a significant increase in the proportion of near-surface Indicated Mineral Resource category material and indicates potential to define a revised mine plan with a lower upfront waste pre-strip and lower life-of-mine strip ratio relative to that defined in the current development Scoping Study.
The Natougou Mineral Resource totals 18 Mt @ 3.4g/t for 2.0 million ounces of contained gold (at a 0.5g/t Au lower cut-off grade).
For further information please download PDF attached:
