Resource updates at web site They posted a resource update for Buffalo Ankerite, for 'in pit' resources (stated pit size, so numbers are lower than the previous resource estimate, though with same grade, same cutoff, etc.)
https://www.lexamvggold.com/2013_05_09_LEX_NR.php
In this PR they also state the Fuller (and other) resource estimates are not yet done.
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May 9, 2013, Toronto, Ontario, Canada: Lexam VG Gold Inc. (the “Company”, “Lexam”) (TSX: LEX, FRANKFURT: VN3A, OTCQX: LEXVF) announces updated resource estimates for the Buffalo Ankerite property in Timmins, Ontario.
A digital resource model, including an optimized Whittle Pit, was completed for the Buffalo Ankerite North and South Zones. Updated resource estimates for the Davidson Tisdale, Fuller and Paymaster projects unfortunately remain in progress.
Table 1. 2013 Buffalo Ankerite In-Pit Resource Estimate
In this press release the following abbreviations are used: opt = ounce per ton; gpt = gram per tonne, Au = gold; oz = ounce; ft = foot; m = metre; M = million, t = tonne. The following definitions apply: 1 tonne = 1,000 kilograms; cut-off grade = the grade value that distinguishes ore from waste, where material which has a grade below the cut-off grade is classified as waste and material with a grade equal to or greater than the cut-off grade is classified as ore.
The Buffalo Ankerite in-pit resource is 235,000 ounces of gold at a grade of 2.54 gpt Au in the Indicated category and 197,000 ounces of gold at a grade of 2.33 gpt Au in the Inferred category. This resource occurs within two optimized Whittle Pit shells, North Zone and South Zone. The Whittle pit dimensions are as follows:
- North Zone: Length x Width x Depth of 719 m x 663 m x 213 m (2,360 ft x 2,175 ft x 700 ft);
- South Zone: Length x Width x Depth of 1,362 m x 649 m x 320 m (4,470 ft x 2,130 ft x 1,050 ft).