The grant area also includes an Inferred Mineral Resource of 61.4Mt @ 99.6% SiO2 and Probable Ore Reserve of 14.6Mt @ 99.9% SiO2. Besides, the Mining Lease offers a clear pathway for the development of the Muchea project with a post-tax NPV10 of $338 million.
GTI Resources (ASX: GTR) Receives Assay Results From First Pass Shallow Aircore Drilling At Niagara (Kookynie) Gold Project GTI Resources Limited (ASX: GTR) has received gold assays for 2,553m of shallow Aircore drilling at the Niagara (Kookynie) Gold Project. The gold anomalism was intercepted by numerous drill holes with a peak assay results of 2.78 g/t gold. The results will contribute to the development of the overall exploration model. The targets will be tested by RC drilling which is planned for early December.
* Sultan Resources (ASX: SLZ) secures $2.4 m via share placements Sultan secures firm commitments worth $2.4 million under share placement from sophisticated and institutional investors. Funds raised to be used for a drilling program at Sultan’s 2 main prospects in Lachlan Fold Belt, Lake Grace Project, and working capital purposes.