Ongoing drilling by Triton Mining (TTM-T) is testing the resource potential of the Santa Emilia vein targets identified last year at the Limon mine complex in Nicaragua.
Based on more than three months of drilling the Ligia, Santa Emilia West and Veta Nueva veins, the company has arrived at a reserve estimate (in all categories) equivalent to 281,000 oz. gold.
The Ligia vein is now reported to contain proven and probable reserves of 120,500 tonnes grading 5.81 grams per tonne, as well as a measured and indicated resource of 218,000 tonnes grading 6.14 grams, and an inferred resource of 262,400 tonnes of 7.08 grams.
The vein, which is situated 250 metres east of the Talavera II mine workings, is now the focus of a 2-drill, infill program designed to move the inferred resources into the measured and indicated category.
Triton reports that drilling at Santa Emilia West has delineated a measured resource of 217,000 tonnes of 7.78 grams, while drilling at Veta Nueva has outlined an inferred resource of 340,200 tonnes grading 9.25 grams.
Triton will plan mine development of the Ligia and Santa Emilia West resources as drilling continues. The successful addition of these and other resources to the minable category will increase production at the Limon mine to more than 60,000 oz. next year, from 40,000 oz. in 1996.
Since the grades being intercepted at Santa Emilia are higher than those uncovered at Talavera and the open pits, cash costs are expected to fall.
Be the first to comment on "THE GLOBAL SEARCH FOR GOLD SPECIAL — Triton drilling adds ounces at Limon"