The gold price
Kinbauri releases gold assay results - 20 July 2007
Kinbarui Gold Corp has released the first set of assay results from its drill program at El Valle, showing intersects of 11.1 grams per tonne of gold and 2.27 per cent of copper over 25.6 meters.
These results extend mineralization at Area 107 of the mine, which is located in Asturias, Spain.
Ore reserves at the property were estimated at 12,000 ounces of gold as of March this year, with 38,000 tonnes of these at 9.8 grams per tonne. There are inferred resources of 342,000 ounces of gold for Area 107.
As well as this, there are inferred resources of 73,000 ounces for Black Skarn North and 203,000 ounces of measured and indicated resources for the Monica Zone.
The company notes that an underground drill program is "ongoing and should be completed in September".
Kinbauri is focused on developing mineral properties in Spain, Nevada and Canada.
These results extend mineralization at Area 107 of the mine, which is located in Asturias, Spain.
Ore reserves at the property were estimated at 12,000 ounces of gold as of March this year, with 38,000 tonnes of these at 9.8 grams per tonne. There are inferred resources of 342,000 ounces of gold for Area 107.
As well as this, there are inferred resources of 73,000 ounces for Black Skarn North and 203,000 ounces of measured and indicated resources for the Monica Zone.
The company notes that an underground drill program is "ongoing and should be completed in September".
Kinbauri is focused on developing mineral properties in Spain, Nevada and Canada.
Goldbug, 20 Jul '07
Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.
