Seafield PDAC Core Shack With the recent updated resource estimate at Miraflores (see press release dated January 31, 2012), Seafield has increased its total global resource to 3M oz gold at the Company’s Quinchia Project. We would like to invite you to meet with the members of our management and geological team at PDAC’s Core Shack - Booth# 5008 between March 6-7, 2012.
Current Developments
Miraflores Resource
The current NI 43-101 compliant resource estimate at Miraflores includes Measured and Indicated resources of 1.9M oz gold at 0.8 g/t (0.3 g/t cut-off). Additionally, there are 103K ounces of gold in the Inferred category at 0.6 g/t (0.3 g/t cut-off).
Recent Drill Highlights Include:
QM-DH-03: 449m at 1.29 g/t Au, including 23.95m at 9.18 g/t Au
QM-DH-24: 167.75m at 1.05 g/t Au,including 44.1m at 2.94 g/t Au
Fully Funded Exploration Program
Seafield currently has $13 Million in cash, which will cover all exploration costs planned for 2012
Regional Exploration
80% of Seafield’s 6,757 hectare concession has yet to be explored. Seafield’s geological team is beginning to implement a program to define new potential targets and expand the exploration potential of the Quinchia Project.
Upcoming Catalysts
- The Company plans to release a Preliminary Economic Assessment on Miraflores in April of 2012.
- Seafield is also continuing its efforts to bring pending applications into its portfolio
Core Shack Details
Metro Toronto Convention Centre, South Building
PDAC Core Shack, Level 700
Booth # 5008
Session B
Tuesday, March 6 - 10:00 a.m. to 5:30 p.m.
Wednesday, March 7 – 9:00 a.m. to 12 p.m.