GUATEMALA Vancouver-based SKYE RESOURCES has released new resource figures for its Fenix deposit, figures that top 150.0 million tonnes in all categories. Saprolite resources total 63.3 million tonnes averaging 1.83% Ni in the measured and indicated categories. Inferred resources could amount to 55.2 million tonnes more at a grade of 1.64% Ni. Measured and indicated limonite resources are 33.1 million tonnes averaging 1.18% Ni and 0.119% Co.
The latest resource numbers appeared in a report prepared by SNOWDEN MINING INDUSTRY CONSULTANTS and GOLIGHTLY GEOSCIENCE.
The Fenix project, formerly known as the Eximbal mine and plant operated by INCO LTD., is located in eastern Guatemala. Skye earlier announced successful completion of pilot plant tests of its proprietary sulphation atmospheric leach (SAL) process (see CMJ Net News, April 5, 2006).
The company's plans for the redevelopment of the project are detailed at www.SkyeResources.com.
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