Resource Wrap: 30 June 2010 – IRD, TRY, PNA
June 30, 2010
Iron Road Limited (IRD) said that reported iron ore resources at its Central Eyre Iron Project in South Australia were triple previous estimates, with the new figure coming in around 328 million tonnes. Not to rest on their laurels, the board have said they aimed to increase the mineral resource to 500 million tonnes, on the back of a significant programme of drilling, structural, geotechnical, geophysical and metallurgical investigations.
Troy Resources NL (TRY) said that recent surface exploration has identified a new outcropping vein, known as Casposo Norte, located about 4km north of the mill at the Casposo Project in San Juan Province, Argentina. Troy CEO Paul Benson said he was excited about grades of 7g/t gold at surface and within 4kms of a processing plant and would continue to explore the area.
PanAust Limited (PNA) has announced a 17% increase to its Ore Reserve and Mineral Resource estimates for the company’s Phu Kham Copper and Gold Operation in Laos. The miner said that at the current design ore processing rate of 12 million tonnes per annum,, this would extend the mine life by over two years to 14 years.
Troy Resources NL (TRY) said that recent surface exploration has identified a new outcropping vein, known as Casposo Norte, located about 4km north of the mill at the Casposo Project in San Juan Province, Argentina. Troy CEO Paul Benson said he was excited about grades of 7g/t gold at surface and within 4kms of a processing plant and would continue to explore the area.
PanAust Limited (PNA) has announced a 17% increase to its Ore Reserve and Mineral Resource estimates for the company’s Phu Kham Copper and Gold Operation in Laos. The miner said that at the current design ore processing rate of 12 million tonnes per annum,, this would extend the mine life by over two years to 14 years.
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