An ongoing exploration program has doubled ore reserves and further extended the life of the Aurora Partnership mine operated by Minerex Resources (TSE) in Mineral Cty., Nev.
The 16,000-ft. drill program increased minable reserves (proven and probable) to 790,000 tons grading 0.13 oz. gold per ton, which will allow production into the third quarter of 1994 and leaching through late 1995. Minerex said the boost in minable reserves will be obtained by pit expansions in both easterly and westerly directions, on strike with the Humboldt vein. The mine property also has preliminary reserves outside the newly designed economic pit of a further 1.4 million tons at 0.1 oz. gold per ton, which includes a higher-grade core of 100,000 tons at 0.32 oz. gold. A feasibility study is already in progress to extract a portion of this resource, as is a 9,000-ft. drill program aimed at finding more ore reserves. Minerex owns 50% of the Aurora Partnership mine and is operator. The remaining interest is held by Electra North West Resources (VSE). Minerex is owned 50.5% by Canada Tungsten Mining (TSE), which in turn is a subsidiary of Amax (NYSE).
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