The Inferred resource is an estimated 735,000 ounces (735 Koz) and composed of two parts. One is a pit-constrained Inferred resource of 11.6 million tons (11.6 Mt) averaging 1.4 grams per ton (1.4 g/t) for 523 Koz of contained gold. The second is an underground Inferred resource of 1.2 Mt averaging 5.7 g/t for 212 Koz of contained gold.
The resource estimate includes four gold deposits all situated within a 3 kilometer radius: Sam Otto, Crestaurum, Barney and Mispickel.
Sam Otto is the largest of the four, containing a pit-constrained Inferred mineral resource of 426 Koz gold, or 10.794 Mt gold averaging 1.23 g/t, to a maximum depth of 200 meters (200m).
The current resource of Crestaurum, located to the southwest of Sam Otto, is an estimated pit-constrained Inferred mineral resource of 38 Koz gold, or 127,000 tons (127 Kt) gold averaging 9.41 g/t to a depth of 45m and an estimated underground Inferred mineral resource of 153 Koz gold, or 723 Kt gold averaging 6.56 g/t.
TerraX plans in Q1/20 to drill these two deposits "where we believe the potential to increase the resources is excellent," Executive Chairman Gerald Panneton said in the release.[NLINSERT]
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