- Tribune Resources (TBR) has delivered its maiden resource estimate for the Adiembra Prospect at the Japa Project in Ghana
- The estimate comprises 4.64 million tonnes of indicated resource at 2.6 grams per tonne gold and 16.35 million tonnes of inferred resource at 2.7 grams per tonne gold
- Both indicated and inferred resources have a cut-off grade of 0.5 grams per tonne and, when combined, total 1.81 million gold ounces
- Tribune is currently planning a follow-up program to expand and upgrade the estimate, which is set to commence later this year
- Tribune Resources shares are down 4.42 per cent in early trade, priced at $8.22 per share
Tribune Resources (TBR) has delivered its maiden resource estimate for the Adiembra Prospect at the Japa Project in Ghana.
Tribune Resource acquired the project in 2005 and has so far performed around 98,000 metres of exploration on the property. Much of the work has been focused on developing two deposit on the site, Adiembra and Japa-Dadieso Trend.
Following the completion of drilling late last month, the company has successfully estimated the site’s Adiembra gold deposit across two lodes.
The estimate comprises 4.64 million tonnes of indicated resource at 2.6 grams per tonne gold and 16.35 million tonnes of inferred resource at 2.7 grams per tonne gold. Both indicated and inferred resources have a cut-off grade of 0.5 grams per tonne and, when combined, total 1.81 million gold ounces.
The Adiembra Central and Adiembra West lodes, which make up the deposit, stretch 1400 metres in length, 700 metres width, and to a maximum depth of 270 metres. That said, the company maintains both lodes remain open along strike and at depth.
Tribune Managing Director Anton Billis commented on the successful completion of the maiden estimate.
“A maiden gold resource in excess of 21 million tonnes at 2.7 grams per tonne is outstanding and reinforces our confidence that the Japa Project could be a major long-life gold production centre in Ghana,” Anton stated.
“We are already well advanced in planning the next drilling campaign aimed at expanding and upgrading the Adiembra Resource, with drilling expected to commence in the next few months,” he continued.
Tribune is currently planning a follow-up program to expand and upgrade the site’s resource, which is set to commence later this year. The follow-up program will test specific areas beneath the current pit shell, as well as underexplored areas surrounding the current resource.
Tribune Resources shares are down 4.42 per cent in early trade, priced at $8.22 per share at 10:47 am AEST.