Kabwe Resource and Operations Update (5917S)
November 23 2011 - 1:00AM
UK Regulatory
TIDMBMR
RNS Number : 5917S
Berkeley Mineral Resources PLC
23 November 2011
BERKELEY MINERAL RESOURCES PLC
("BMR" or "The Company")
Kabwe Resource and Operations Update
Berkeley Mineral Resources, the tailings processing company,
announces that verification and assessment work is continuing on
its resources at the former Kabwe mine site in Zambia. This is in
connection with the Pre-feasibility Study being completed on all
the resources at the project, Washplant, Leachplant and Slags.
Drilling
Re-drilling of the Slag sections of the stockpiles (see Dumps
57, 21 and 22 on the aerial plan on the BMR website at
http://www.bmrplc/projects/resources) to provide data for the
material contained in the slag stockpiles has commenced today. The
re-drilling is being carried out with percussion drills necessary
to provide assayable samples rather than the auger drills
previously employed.
Washplant Resources
Re-interpretation of the resources so far reported on has
concluded that there is an uplift in the quantity of JORC-compliant
Washplant tailings resources within the total resources at Kabwe.
The revised JORC Statement below is a result of further assessment
of the quantity and grades of the Washplant tailings resources:
Resource Volume Dry Bulk Average Pb Zn Wet Tonnage Dry
Classification (m3) Density Moisture (%) (%) Tonnage
(t/m3) Content
----------------- -------- --------- ---------- ----- ------ ------------ ---------
Measured 304,771 1.92 16.61% 7.21 10.66 668,709 573,458
----------------- -------- --------- ---------- ----- ------ ------------ ---------
Total 304,771 1.92 16.61% 7.21 10.66 668,709 573,458
----------------- -------- --------- ---------- ----- ------ ------------ ---------
The Competent Person with the overall responsibility for the
Mineral Resource estimation and compilation of this report is Mr. D
R Young (BSc. Hons., Geology), who is a Competent Person as defined
by the JORC Code (2004), being registered as a Professional Natural
Scientist with the South African Council for Natural Scientific
Professions (SACNASP), with more than 5 years experience relevant
to Mineral Resource estimation.
Leachplant Resources
Drilling of the remainder of the tailings not reported on in the
announcement of 28 July 2011 regarding the Leachplant central and
southern sections is proceeding.
Assaying
All samples extracted by drilling are being sent to the SGS
assaying centre in South Africa for verification. The final
resource statement will thereafter be compiled by The Mineral
Corporation and the Pre-Feasibility Study on the beneficiation
plant will be concluded by Metanza.
23 November 2011
This release has been reviewed by Dennis Human, B.Sc. (Hons),
Bus. Admin (Hons),
Consulting Geologist in accordance with the guidance note for
Mining, Oil & Gas
Companies issued by the London Stock Exchange in respect of AIM
Companies.
For further information please contact:
Berkeley Mineral Resources Plc 020 7408 1181
Masoud Alikhani, Chairman
Seymour Pierce 020 7107 8000
Stewart Dickson / Jonathan Wright (Corporate Finance)
Jeremy Stephenson / Richard Redmayne (Corporate Broking)
Lothbury Financial Services 020 7868 2010
Michael Padley / Gary Middleton
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBIBDBRDDBGBD
BMR Mining (LSE:BMR)
Historical Stock Chart
From Nov 2024 to Dec 2024
BMR Mining (LSE:BMR)
Historical Stock Chart
From Dec 2023 to Dec 2024