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Worcester Mine
Worcester Mine
Country
South Africa
Status
ADVANCED DISCOVERY
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Gold -
Risk and valuation analysis of the Worcester Mine
Status Risk : Advanced discovery
Country Risk : Important
Resource Risk : 31.00%
In situ value
498,235,811 $
Title(s) of the Worcester Mine
Vantage Goldfields
Interest: 74%
Title
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Eastern Goldfields Inc.
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Location of the Worcester Mine
The Worcester Mine is presently a dormant mine and is located in the center of a large block of properties on the Jamestown schist belt within the Barberton Goldfield.
History of the Worcester Mine
The Worcester Mine is a substantial ore body with approximately 200,000 ounces of historical production. This ore body is approximately 300 meters in length and has been mined to a depth of approximately 200 meters. Drilling indicates that the ore body extends in depth.
Geology of the Worcester Mine
The mine is surrounded by numerous prospects with gold mineralization and small deposits. The area surrounding the Worcester Mine is also highly mineralized and certain of the larger target areas will be furtherinvestigated.
Reserves and resources of the Worcester Mine
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Indicated
1,500,000
4.01
193 387
Mesured and Indicated
1,500,000
4.01
193 387
Inferred
1,400,000
3.69
166 091
Total
2 900 000
359 477
Definitions
Reserves and resources of the Worcester Mine
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
359 477
193 387
193 387
166 091
oz
501 122 416 US$
Data last updated on : 12/31/2009
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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