Reserves estimated by Rodgers, totalled 4.1 million tons grading 0.103 oz gold per ton in the South porphyry deposit. An audit of the reserve calculation completed by another consultant concluded that the property has the potential for hosting 10 million tons grading 0.1 oz gold per ton. According to Rogers, another 850,000 tons grading 0.07 oz gold per ton is possible in the Shaft zone.
The Ronnoco property was acquired from Ronnoco Gold Mines (COATS) under an option agreement. The new reserves were defined by a $600,000 exploration program completed by Trader.
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