Abzu Announces Maiden NI 43-101 Technical Report and Mineral Resource Estimate on the Nangodi Gold Project - Seite 2

(x1000) AU
(g/t) Tons
(x1000) AU
(g/t) Tons
(x1000) AU
(g/t) Tons
(x1000) AU
(g/t) AU (Oz)
Contained Measured 70 1.44 20 0.98 130 1.51 220 1.44 10,200 Indicated 710 0.97 250 0.83 2,950 0.93 3910 0.93 117,000 Total M&I 780 1.02 270 0.87 3,080 0.95 4,130 0.96 127,200 Inferred 120 0.87 70 0.67 2970 0.89 3160 0.88 89,400

* The nominal cut-off grade of 0.5 g/t is based on a long term gold price of US$1,400/Troy Ounce, and a processing cost and recovery of US$20/t and 90% respectively, based on more recent metallurgical test work

Reccomendations contained within the NI 43-101 Technical Report and Mineral Resource Estimate include that exploration continues at the Nangodi project with a phased approach based on the following:

• Further metallurgical testwork to include a possible bulk sample and/or large diameter whole core in order to establish comminution parameters and eventual plant design.

• Infill drilling to allow Inferred Resources to be classified into the M & I Resource category.

• Scoping Study to examine the project economics.

Strong CSR liaison to ensure that there is agreement with the on-going exploration and potential future mining