Oceanus Resources Corporation (TSX-V:OCN) (OTCQB:OCNSF) (“Oceanus” or the “Company”) announces an independent Mineral Resource Estimate for the El Tigre Property completed by P&E Mining Consultants Inc. (“P&E”).
Glenn Jessome, President and CEO of Oceanus, commented:
“This NI 43-101 Mineral Resource Estimate is an important milestone for Oceanus and further supports our belief that we have identified a new precious metals district in the Sierra Madre.
Our technical team deserves to be commended for the excellent work they have completed in the past sixteen months since we commenced exploring El Tigre. We are going to aggressively continue exploration work this fall and into the 2018 season.”
El Tigre Hardrock Mineral Resource Estimate
Information and data used for the El Tigre and Fundadora Mineral Resource Estimate takes into account a total of 140 drill holes and 752 underground chip samples available as of September 1, 2017. Assay data available for the Mineral Resource Estimate included silver and gold sample grades.