Armed with the results of a favorable prefeasibility study, Menora Resources (MEN-M) is initiating a $1.2-million drill program at its Wadi Medden gold deposit in Yemen.
The program will consist of 16 surface holes totalling 4,800 metres and 17 underground holes totalling 1,230 metres. Rehabilitation of the camp and mine site is in progress.
Menora acquired the 340-sq.-km Ghabar project in south-central Yemen early this year. The licence area includes Wadi Medden and more than 35 other gold occurrences.
The Ghabar area was worked during the 1980s by a Soviet geological expedition. The prefeasibility study included a review of this work, which was determined to be “substantial and generally of high standard.” The study also determined that the deposit is of “significant” economic interest.
Wadi Medden consists of nine main, gold-bearing shear zones. Exploration work to date includes 3,000 metres of trenching, 68 drill holes totalling more than 14,000 metres and about 4.5 km of adit development on two levels.
Menora’s management estimates that there is a measured resource of at least 650,000 tons grading 0.43 oz. gold per ton, although the Soviet team previously calculated a somewhat larger commercial reserve.
Menora describes the potential to expand reserves as “excellent.”
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