The 100% owned Borborema Gold Project is located in the Seridó area of the Borborema province in north eastern Brazil. The project consists of three mining leases covering a total area of 29 km² plus freehold title to the property over the main prospect area. The Borborema Gold Project is enhanced by good on-site facilities and excellent infrastructure, such as buildings, grid power, water, sealed roads and close proximity to major cities.
Maiden Ore Reserve and Total Mineral Resource
The project’s Maiden Ore Reserve was announced in November 2012. 87% of Measured and Indicated Resources from the July 2012 JORC Resource estimate were converted into Proven and Probable Ore Reserves of 1.61Moz of mineable gold from 42.4Mt @ 1.18 g/t Au (0.4 & 0.5 g/t cut-offs for oxide & fresh). The Mineral Resource remains open in all directions.
The Ore Reserve is based upon the Mineral Resource estimate for Borborema released in July 2012.
Read the full Maiden Ore Reserve ASX announcement – Click Here
For the most up to date information on the Borborema Gold Project, please go to our ASX Releases page. All historical announcements can also be found here.
The information provided on this site is of a general nature only. Although it has been prepared in good faith with all due care there can be no guarantee that it will continue to be accurate in the future. No one should act or rely upon the information but should undertake their own independent due diligence or seek appropriate professional advice. To the extent permitted by law Crusader Resources Limited (“Crusader”) excludes all liability from any statement in, or omission from, this report. Nothing in this report should be construed as either an offer to sell or a solicitation of an offer to buy or sell Crusader securities in any jurisdiction.
Competent Person Statement
The information on this website that relates to Juruena Gold Project exploration results, Posse Iron Ore Project exploration results and Borborema Gold Project exploration results released after 1 December 2013, is based on information compiled or reviewed by Mr Robert Smakman who is a full time employee of the company and is a Fellow of the Australasian Institute of Mining and Metallurgy, and has sufficient experience that is relevant to the type of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Smakman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information on this website that relates to:
- Borborema Gold Project and Posse Iron Ore Project Exploration Results released prior to 1 December 2013 is based on information compiled or reviewed by Mr Robert Smakman who is a full time employee of the company;
- Borborema Gold Mineral Resources is based on information compiled by Mr Lauritz Barnes and Mr Brett Gossage, independent consultants to the company;
- Borborema Gold Ore Reserves is based on information compiled by Mr Linton Kirk, independent consultant to the company;
- Posse Fe Mineral Resources is based on and accurately reflects, information compiled by Mr Bernardo Viana who is a full time employee of Coffey Mining Pty Ltd,
and who are all Members of the Australasian Institute of Mining and Metallurgy (Rob Smakman and Linton Kirk being Fellows), and who all have sufficient experience that is relevant to the type of mineralisation and type of deposit under consideration, and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Each of Mr Smakman, Mr Lauritz Barnes, Mr Kirk, Mr Viana and Mr Brett Gossage consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.
This information was prepared and disclosed under the JORC Code 2004. It has not been updated since to comply with JORC Code 2012 on the basis that the information has not materially changed since it was last reported.