Posted in | News | Gold

Gold-Ore Resources Announces Updated Mineral Resource Estimate for Bjorkdal Gold Mine in Sweden

Gold-Ore Resources Ltd. has reported the results of an updated, independent mineral resource estimate for the 100%-owned Bjorkdal Gold Mine in Sweden.

The new measured and indicated resource estimate for the open pit and underground totals 920,900 ounces, an increase of over 50% from the resources reported in March, 2010.

Wardell Armstrong International Ltd. (WAI) calculated the updated mineral resource estimate, incorporating all drill data up to November 15, 2010 and all chip samples from underground. The revised estimate used Datamine software and Indicator Kriging, and includes the results of 1,766 drill holes. The estimate is National Instrument Policy 43-101 compliant.

January 2011 Open Pit & Underground Mineral Resource Estimate

Evaluation (2.5 m Selectivity) Adjusted for a 9 1% Mining Recovery and 30% Mining Dilution

Bob Wasylyshyn, Gold-Ore's president commented, "The updated mineral resource estimate confirms that Bjorkdal is a significant gold deposit, with over one million ounces produced and over 900,000 ounces in the measured and indicated resources category. Our drilling continues to expand the known limits of the deposit, and the mineralized vein swarm remains open to expansion in several directions. An ongoing aggressive, widely-spaced underground drill program intersected gold mineralized veins over a broad, on-strike area. Based on this information, we are confident that, at current gold prices, Bjorkdal will have a significantly extended mine life."

The updated estimate resulted in a 52% increase in underground measured and indicated ounces of gold. To reflect current mining practices at Bjorkdal, the resources for the open pit are reported using a 0.30 gram per tonne cut-off resulting in a 50% increase in measured and indicted ounces of gold when compared to the totals previously reported using a 0.60 g/t cut-off. Surface and underground drilling is ongoing to develop additional resources and explore for new mineralization on the Company's mining leases and exploration concessions.

Source: Gold-Ore Resources Ltd.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Gold-Ore Resources Ltd.. (2019, February 18). Gold-Ore Resources Announces Updated Mineral Resource Estimate for Bjorkdal Gold Mine in Sweden. AZoMining. Retrieved on September 29, 2022 from https://www.azomining.com/News.aspx?newsID=2654.

  • MLA

    Gold-Ore Resources Ltd.. "Gold-Ore Resources Announces Updated Mineral Resource Estimate for Bjorkdal Gold Mine in Sweden". AZoMining. 29 September 2022. <https://www.azomining.com/News.aspx?newsID=2654>.

  • Chicago

    Gold-Ore Resources Ltd.. "Gold-Ore Resources Announces Updated Mineral Resource Estimate for Bjorkdal Gold Mine in Sweden". AZoMining. https://www.azomining.com/News.aspx?newsID=2654. (accessed September 29, 2022).

  • Harvard

    Gold-Ore Resources Ltd.. 2019. Gold-Ore Resources Announces Updated Mineral Resource Estimate for Bjorkdal Gold Mine in Sweden. AZoMining, viewed 29 September 2022, https://www.azomining.com/News.aspx?newsID=2654.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit