MacPhersons increases Nimbus underground reserve
THE CONFERENCE CALLER: The news flow has kept pace on Day Three at Diggers & Dealers with MacPhersons Resources (ASX: MRP) claiming a big move forward in its strategy to extend the mine life of the company’s Nimbus silver-zinc-gold project in Kalgoorlie.
MacPhersons has increased the underground Ore Reserve at Nimbus following a preliminary underground mine study by 60 per cent to 741,655 tonnes at 270 grams per tonne silver equivalent (Ag-Eq) for 6.43 million ounces Ag-Eq.
The results have taken the company’s overall ore reserve to 12.37 million ounces Ag-Eq (8.3 million ounces silver, 44,000 tonnes zinc, and 4,800 ounces gold).
Important to note is that this does not include the gold reserves from Boorara-Coolgardie gold operations which will be operated concurrently with Nimbus.
“I think we are just looking at the tip of the iceberg,” MacPhersons Resources managing director Morrie Goodz told The Roadhouse.
“We have identified substantial resources, which our latest drilling for the BFS has shown that it is open at depth and open along strike.
“We even have a couple of deposits that are open up-dip that we haven’t tested – that may actually come up to the surface and may form part of an expanded open pit mining schedule.
“We think that with our regional targets – Brindabella is only 800 metres away from Nimbus
“We have started drilling there this week and have already intersected some significant mineralisation, which we are following up on now.”
Goodz indicated that the company has also identified a number of copper and nickel targets.
These have come about following a number of drill intercepts exceeding one per cent copper in sulphides.
“We haven’t yet defined what the copper resource is – we haven’t allocated a copper circuit in the plant at the moment, and we are not including any copper credits,” Goodz said.
“My firm belief is that copper will be one of our next products as we develop the project.”
Email: info@mrpresources.com.au
Website: www.mrpresources.com.au