Resource News

Seafield Resources Ltd. (TSXV:SFF) updated the resource estimate for the Miraflores breccia deposit in their Quinchía Gold and Silver Project.

As quoted in the press release:

Seafield Resources Ltd. (TSXV:SFF) updated the resource estimate for the Miraflores breccia deposit in their Quinchía Gold and Silver Project.

As quoted in the press release:

Highlights

  • The updated NI 43-101 report documents a measured and indicated resource of 1,816,000 Troy ounces (oz) of gold (Au) grading 0.78 grams per tonne (“g/t”) Au and 3,555,000 oz of silver at 1.5 g/t Ag, contained in 72,624,000 tonnes at a cut-off grade of 0.27 g/t Au;
  • The estimate significantly increases the geological confidence in the model by increasing the mineral resources in the measured category from 28.5 Million tonnes to 38.7 Million tonnes and by delineating a greater number of high grade veins at Miraflores. The presence of 21 veins cross cutting the breccia body was confirmed, further improving the definition of the mineralization in the breccia and adjoining basalt. This more accurate geological model of the deposit will be used for advanced mining studies.

Seafield’s COO, Dave Prins, said:

I am pleased to present the updated compliant resource which has increased the confidence in the geological model while maintaining the vast majority of our resource ounces and increasing the overall grade. This solid resource estimate will stand up to all future reviews as we move the Miraflores project forward.

To view the whole press release, click here. 

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