Vancouver —
An estimate by AMEC Americas points to 81.6 million tonnes grading 1.2 grams gold per tonne, or 3 million oz., in the indicated category. AMEC used a cutoff of 0.75 gram gold. Previously, the resource was pegged at 25.9 million tonnes grading 1.3 grams gold, or 1.1 million oz.
The latest estimate incorporates results from almost 21,000 metres of drilling in 77 holes during 2004.
Gold at Maoling occurs as disseminated mineralization in wide areas of sheeted quartz vein sets, along with associated sulphides in meta-sedimentary host rocks.
AMEC is carrying out a prefeasibility study of Zone 1, a westerly dipping mineralized body with a true thickness varying from 90 to 200 metres. The zone has several hundred metres of strike and 500 metres of downdip extension, both of which remain open.
Mundoro envisions Maoling as a open-pit/heap-leach gold operation.
The company has a 79% controlling interest in the project, with the government of Liaoning province holding the remainder.
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