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Duran Ventures Inc. (TSXV:DRV) announced that it has filed an updated technical report for its Peru-based Aguila copper-molybdenum project. The report includes data from the company’s 2012 trenching and 2013 drilling programs.
Duran Ventures Inc. (TSXV:DRV) announced that it has filed an updated technical report for its Peru-based Aguila copper-molybdenum project. The report includes data from the company’s 2012 trenching and 2013 drilling programs.
As quoted in the press release:
The updated resource estimation represents over a 430% tonnage increase in the “Indicated Resource” with a corresponding increase in contained copper of 662 million lbs of copper and 52 million lbs of molybdenum at the Aguila project from the initial resource estimate of 2012. Additional 2012 and 2013 exploration drilling and trenching in the Aguila central core area and a reduction of “unit block size” for modeling purposes (from earlier 12x12x12 meter blocks to 6x6x6 meter blocks for current estimate) contribute to the upgraded tonnage classification. Geostatistical and geological review of the data provide verification of the classification.
A corresponding 35% tonnage decrease in the “Inferred Resource” from the initial resource estimate of 2012 can be attributed to the tonnage converted from inferred to indicated classification and, additionally, the present estimate used methodology that constrained the interpolation of grades to inside a 0.1% copper cut-off domain (grade shell). This effectively limited the presence of peripheral lower grade mineralization occurring in the host sedimentary rocks that had been captured in the earlier estimate.
Click here to read the full Duran Ventures Inc. (TSXV:DRV) press release.
