BRITISH COLUMBIA – Vancouver-based Gold Reach Resources has updated its resource estimate for the Ox deposit at the Ootsa property near Smithers. The Ox deposit is one of several mineralized zones, including the large Seel deposit, on the property.
The update confirms that the Ox deposit has a favourable open pit geometry, said the company, in that 95% of the measured and indicated resource lies within the pit outline. The unconstrained resource is 39.53 million measured and indicated tonnes with a grade of 0.32% CuEq using a cut-off of 0.2% CuEq. There are also 16.36 million inferred tonnes grading 0.27% CuEq using the same cut-off. The resource contains 278.88 million lb CuEq in the measured and indicated category plus 97.38 million lb in the inferred category.
The “copper equivalent” of the Ox deposit includes molybdenum, gold and silver.
A cross section through the northern part of the Ox deposit showing the block model with copper equivalent grades and the constraining pit outline is available by clicking here. Or visit GoldReachResources.com.