Dalradian Resources has tested part of its resource base at its 100%-owned Curraghinalt gold project, in Northern Ireland and estimates that the grade could be significantly higher than that in the May 2016 resource statement.
The resource estimation released in the May 2016 and conducted by independent consultants SRK, used standard geostatistical estimation methods, but now Dalradian has been able to use tighter spaced drilling and a greater number of on-vein face and channel samples on a portion of the V-75 vein in a test stoping exercise as part of a grade reconciliation study.
The Curraghinalt project has measured and indicated resources of 5.61mt at an average grade of 11.61g/t for 2.1moz of gold contained. Inferred resources add 2.3moz at a grade of 10.06 g/t. The latest grade reconciliation work suggests that (in the V-75 vein) the grade is 12% higher and the number of contained ounces of gold is 16% higher than the original estimate.
Dalradian work suggests higher grade than resource estimate: DALR