THE DRILL SERGEANT: Tiger Resources (ASX: TGS) has upgraded the Mineral Resource at Kipoi North from Inferred to the Indicated category.
The Kipoi North deposit is located one kilometre north-east of the Kipoi Central deposit, within the boundaries of the company’s Kipoi copper project in the Democratic Republic of Congo.
Kipoi project geology and Mineral Resources. Source: Company announcement
Tiger said the resource estimation was undertaken in support of a definitive feasibility study (DFS) for the Stage 2 solvent extraction electro-winning (SXEW) development at Kipoi.
The Indicated Mineral Resource has come in at 4 million tonnes at 1.33 per cent copper for 53,500 tonnes of copper.
“The resource estimation includes the results of a 34-hole diamond drilling Priority 1 program conducted during the year which was designed to increase confidence in the existing JORC-standard Inferred Mineral Resource,” Tiger Resources said in its ASX announcement.
“The Kipoi North Mineral Resource will be incorporated into the DFS for the SXEW plant due for release later this month.”
Tiger indicated it has recently completed further 15-hole Priority 2 diamond drilling program to define the resource extension identified during drilling of the Priority 1 program.
The company said it anticipates the results will provide further evidence of the extension of the Kipoi North deposit.
“Recent structural analysis has identified parallel structures that have the potential to increase the resource,” the company said.
“Drill testing is planned to outline the potential for further discoveries at Kipoi North.”