White Cliff Minerals (ASX:WCN) is preparing for a busy news flow period in regards to the development of the Aucu gold deposit in Central Asia.
Consultants Optiro are working on a resource update, which is expected to significantly increase the current: 1.2 million tonnes at 4.2 g/t gold for 156,000 ounces.
The existing resource starts at surface, and the new resource estimate will incorporate the high grade gold mineralisation identified at the Quartz Zone in 2016.
The Quartz Zone contains substantial visible gold, both in outcrop at surface and in drill holes at depth.
Adding to the continued potential, gold Mineralisation is still open in both directions and at depth.
More drilling will be undertaken in 2017.
News flow pipeline:
- New JORC compliant resource estimate in progress: Due March.
- Duplicate assaying of high grade gold intersections underway at Bureau Veritas laboratory in Perth.
- Ore density assays received – confirm similar density to maiden resource estimate.
- Gold and copper metallurgical test work in progress at Bureau Veritas laboratory in Perth.
- Consultant engaged to compile mining optimisation study parameters.
- Exploration and drill planning underway for 2017 field season.