Marshall Minerals (ASE) recently released final ore reserve calculations from a gold project in the Ivory Coast of West Africa. After completing a 1990 work program that included 18 drill holes, Marshall says proven surface laterite and oxide reserves on the project’s Anuiri deposit stand at 550,000 tons grading 0.123 oz. gold per ton. According to Marshall that brings the total proven and probable reserve figure for eight zones contained in a 5×18-mile concession to 1.1 million tons of grade 0.094 oz. The concession is controlled by Marshall’s 67% owned subsidiary Eden Roc Minerals (ASE). Eden Roc owns 90% of the company that holds the concession and the remaining 10% is owned by SODEMI, an Ivorian government mining concern.
“An additional possible surface reserve of more than 200,000 tons of 0.08 oz. gold per ton have been identified from surface trenching,” Marshall says.
The company is attempting to finance the construction of a 1,000-ton-per-day heap leach operation as exploration on the property continues.
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