Tiger Resources announces Judeira maiden Resource
THE DRILL SERGEANT: Tiger Resources (ASX: TGS) has announced a maiden Inferred Mineral Resource at the Judeira deposit, located within the company’s Kipoi copper project mining lease area in the Democratic Republic of Congo.
The Inferred Resource has been calculated at 6.1 million tonnes at 1.2 per cent copper containing 71,000 tonnes of copper.
The company indicated potential exists for material from Judeira deposit to be processed at the Kipoi Stage 2 solvent-extraction and electro-winning (SXEW) plant, which is just 6 kilometres away.
Tiger said the maiden Mineral Resource estimate is based on 13 diamond drill holes totalling 2,045.2m and 60 reverse circulation (RC) holes totalling 5,886m.
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Long section of the Judeira deposit. Source: Company announcement
An additional 70 air core holes totalling 2,932m and 24 trenches were also completed, however these data were not used for the grade estimation.
The company did say they still provide a guide to the interpretation of the trend for copper mineralisation.
“The maiden resource estimate for Judeira is an important step in increasing the resources available to process at our SXEW plant at Kipoi, with Judeira located only six kilometres from the Kipoi SXEW plant,” Tiger Resources managing director Brad Marwood said in the company’s announcement to the Australian Securities Exchange.
“We have always been confident of adding to our primary resource at Kipoi Central, and the addition of a maiden Inferred Mineral Resource at Judeira adds to those we have already delineated at Kipoi North and Kileba, and at the Sase Central deposit at our 100 per cent-owned Lupoto project.”
The Judeira deposit extends over 2,200m with strong surface mineralisation.
Tiger said the resource estimate only addresses 1,600m of the mineralised trend.
“We believe there is further scope to add to this resource and will undertake further drilling at Judeira to increase confidence and move resources into the Indicated category,” Marwood said.
Email:
tiger@tigerez.com
Website:
www.tigerresources.com.au