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PR Newswire
04-04-2016, 12:56 PM
CNMC's Gold Resources Up 22% In 2015 Even As Production Reaches Record High
New findings reveal notable increase in gold, silver, lead and zinc resources Results reaffirm CNMC’s ability to replenish depleted resources
SINGAPORE, 31 MARCH 2016 – CNMC Goldmine Holdings (“CNMC” or the “Company” and together with its subsidiaries, the “Group”), which produced a record amount of gold last year, said today its ongoing exploration activities have yet again yielded positive results, reaffirming its ability to replenish depleted resources and paving the way for it to continue increasing output.
In the latest Qualified Persons’ Report for the full year ended 31 December 2015 (“2015 QPR”) prepared by Australia-based Optiro Pty Ltd (“Optiro”), the Group’s third party independent resource and reserve estimation consultant, it was noted that the total inferred, indicated and measured gold resources at its Sokor project in Malaysia’s Kelantan state amounted to 13.83 million tonnes at 1.4 grams per tonne gold grade as at 31 December 2015.
This translates into approximately 618,000 ounces of gold in the ground and marks a 22% increase in resources compared to Optiro’s previous estimate as at 31 December 2014.
New findings reveal notable increase in gold, silver, lead and zinc resources Results reaffirm CNMC’s ability to replenish depleted resources
SINGAPORE, 31 MARCH 2016 – CNMC Goldmine Holdings (“CNMC” or the “Company” and together with its subsidiaries, the “Group”), which produced a record amount of gold last year, said today its ongoing exploration activities have yet again yielded positive results, reaffirming its ability to replenish depleted resources and paving the way for it to continue increasing output.
In the latest Qualified Persons’ Report for the full year ended 31 December 2015 (“2015 QPR”) prepared by Australia-based Optiro Pty Ltd (“Optiro”), the Group’s third party independent resource and reserve estimation consultant, it was noted that the total inferred, indicated and measured gold resources at its Sokor project in Malaysia’s Kelantan state amounted to 13.83 million tonnes at 1.4 grams per tonne gold grade as at 31 December 2015.
This translates into approximately 618,000 ounces of gold in the ground and marks a 22% increase in resources compared to Optiro’s previous estimate as at 31 December 2014.