CGG 0.00% 53.0¢ citadel resource group limited

ann key points

  1. 2,273 Posts.
    are these grades high for a spec like this??? can someone please help.

    MINERAL RESOURCE INCREASED 61% FROM 46.2 MT TO 74 MT
    JABAL SAYID NOW CONTAINS ~1,000,000T COPPER AND ~440,000T ZINC

    Highlights:
    • 61% increase in the Mineral Resource at Jabal Sayid from 46.2 Mt to 74.3 Mt
    • This Total 74 Mt Indicated & Inferred Mineral Resource comprises:
    - 52 Mt at 1.6% Cu & 0.1% Zn Stringer/Stockwork Cu
    - 4 Mt at 1.9% Cu & 1.3% Zn Massive Sulphide Cu/Zn
    - 18 Mt at 2.2% Zn & 0.4% Cu Massive Sulphide Zn/Au
    • Uplift in contained Copper (Cu) of 20% to ~1,000,000 tonnes contained Cu and
    increase in contained Zinc (Zn) of +400% to 440,000 tonnes contained Zn.
    • Lode 4 includes a high grade core of 25 Mt at 2.3% Cu (1% Cu domain boundary)
    which is open at depth, contains over 100,000 tonnes per vertical metre, and
    should be amenable to bulk underground mining.
    • The current estimate excludes gold (Au) and silver (Ag) credits.
    • The resource was based on all data available as at 15 January 2008 and remains
    open at depth and along strike in most directions.
    • A further updated Mineral Resource is planned to be completed later in 2008.

 
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