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Komet Resources Inc. Announces Initial Mineral Resource Estimate for the Kabaya Prospect, (Dabia Sud Property, Mali)
January 21, 2019 at 02:10 pm
Komet Resources inc. reported an initial mineral resource estimate for the Kabaya gold prospect drill prospect, located in the southern part of its Dabia Sud exploration permit (“the Property”) in Western Mali, West Africa. Highlights of the Resource Estimate include: AnIndicated Resource of 3.17 million tonnes (Mt) grading 1.03 g/t for 105,000 contained gold ouncesand anInferred Resource of 0.96 Mt grading 1.14 g/t for 35,000 contained gold ounces at a cut-off grade of 0.40 g/t Au; The pit constrained resource is based on optimized pit shells using a gold price of USD 1350 and a presumed heap leach gold recovery of saprolite ore; Gold mineralization at Kabaya remains open at depth in bedrock and laterally to the south-west and north-west; and Komet intends to continue the resource definition drilling program in order to further develop the resource laterally in saprolite and at depth in bedrock. Effective date for resources is January 7, 2019. The Kabaya resource estimate is based on analytical data from trenching and several drill campaigns realized in 2012-2013-2014, 2017 and 2018. Five trenches (4 of them East-West and 1 North-South) totaling 515 m, were realized in 2012-2013. All drilling was performed along east-west oriented lines with shallow drill holes inclined 50° to the west and consisted of 91 aircore holes, totaling 5,256 m and 91 RC drill holes, totaling 7,274 m. The database does not include the quality control samples consisting of duplicates, blanks and standards samples, which returned variations within acceptable limits. The Current Resource block model was prepared using the Genesis© mining software. Interpolation was performed using inverse square distance in 3 estimation passes with 33 different search ellipses of 11 different orientations which were adapted for the orientation of the deposit. The block model was then fed to GEOVIA’s Whittle™ software to provide a pit-constrained Mineral Resource Estimate. A modeling cut-off grade of 0.2 g/t Au, a minimum thickness of 3 meters and a minimum accumulation of 1 m.g/t were used to delineate mineralized volumes. In all, 18 mineralized volumes were interpreted and modelled from this data. A total of 118 drill holes and 4 trenches intersect the mineralized volumes. The 1,009 three-meter composites average 1.02 g/t Au (uncapped) and 0.96 g/t Au (capped). The capping was applied to the assays at a grade of 30 g/t. Only 8 assays were capped on a total 2,986 assays in the mineralized zones (0.3% of the assays were capped). The gold loss due to the capping is of 4% for the base case resource. Densities are based on other similar projects and mineralization located in Mali and measurements of 14 field samples. A density of 1.70 t/cubic metres was used for all the saprolitic mineralization. The block model has a block size of 5 x 6.25 x 3 metres. Estimation was done by inverse distance squared with ellipsoid influenced distances. A total of 18 separate volumes were estimated with 10 composite sets. Three estimation passes were used with ellipsoids of 25 x 25 x 6 metres, 45 x 45 x 12 metres and 100 x 100 x 30 metres. The first pass uses a minimum of 5 and a maximum of 6 composites, with a limit of 2 per drill hole. The second pass uses a minimum 7 and a maximum of 8 composites, with a limit of 3 per drill hole. The third pass uses a minimum 1 and a maximum of 8 composites, with a limit of 3 per drill hole. The smoothing of the estimation is adequate. The inferred resource category based on a drilling grid between 30 m and 60 m and the indicated category has been given for mineralization with a drilling grid of 30 m. Mineralized volumes with 2 intercepts or less have been forced to inferred. The current mineralized volumes with indicated resources have a minimum of 4 intercepts. Dabia Sud Property Geology: The 35 square km large Dabia South Exploration Permit is located in the southeastern part of the Paleoproterozoic Kedougou-Kenieba inlier, covering eastern Senegal and western Mali. This region is underlain by folded and sheared sequences of metasedimentary and metavolcanic facies, which are intruded by felsic and mafic plutons. The region’s structural pattern is predominantly drawn by the north-south oriented regional Senegal-Mali Shear Zone (“SMSZ”) and its associated northeast-trending splay structures, which are spatially related to several major gold deposits such as Fekola, Loulo, Gounkoto and Sadiola. Follow-up Exploration Drill Program: The company has the intention expanding the Kabaya resource with further drilling around the established block model of the deposit, specifically to test for additional gold mineralization at depth and laterally to the north-west and south-west. During and after the next drilling campaign a metallurgical program will be designed to determine the mineralogical, metallurgical and communition properties of representative saprolite and bedrock drill rock samples. Furthermore an auger drill geochemistry survey is planned to test the soil geochemistry anomalous features in the north and center parts of the property. Subsequently exploration RC drilling will be carried out to identify potential new resource zones.
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Brunswick Exploration Inc. is a Canada-based junior exploration and evaluation company. The Company is focused on exploration for metals necessary for decarbonization and energy transition, with a particular focus on lithium, tin, nickel and copper. The Company is focused on lithium exploration claim package in Eastern Canada. Its Quebec projects include Pontiac Lithium Project, James Bay Lithium Project, North Shore Lithium Project and Mirage Project. Its Atlantic Canada projects include Catamaran Project (New Brunswick), SMB Project (Nova Scotia) and Newfoundland Project. Its Ontario project include Hearst Project. Its Prairie Projects include Trans-Hudson, Hanson Lake Project, Lake Athabaska Project and Lynn Lake Project. Its Pontiac Lithium Project is located in the Pontiac geological province, south of the Cadillac-Larder Lake break, and are accessible by road from Rouyn-Noranda, Malartic. The project covers approximately 618 claims.
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