BRITISH COLUMBIA – Huakan International Mining of Vancouver says the updated 43-101 report completed by P & E Mining Consultants outlines twice the indicated tonnage estimated in earlier studies. The updated Main zone mineral resource put 3.95 million tonnes grading 5.68 g/t Au in the measured and indicated categories and 4.34 million tonnes at 4.16 g/t Au in the inferred category, a significant increase over the 2011 Main zone estimate of 2.37 million tonnes in the measured and indicated categories and 4.54 million tonnes in the inferred category. The zone probably hosts 1.3 million oz of gold.
Nor is that all of the potential at the J&L project. The Yellowjacket zone has 1.0 million indicated tonnes at 0.21 g/t Au and 35,000 inferred tonnes at 0.35 g/t Au. The Yellowjacket zone is a series of zones which lie sub-parallel to and in the immediate hanging wall to the Main zone.
Huakan says it is aggressively advancing the J&L project. Visit HuakanMining.com for additional information.
Should be an interesting read when the report comes out however suggesting that the “zone probably hosts 1.3 million ounces” is not a resource category and not an excepted form of disclosure. Just sayin’