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Scheduled Work for Yenipazar Exploration & Development |
The known extent of the deposit, 1700 m on strike, will be drilled RC on a 40 x 40 m grid to bring most of the contained resource to the indicated category.
As shown on the Yenipazar drill map, the deposit is still open to the north. To the south, it probably dips below the range of the southernmost drilled RC-holes (130-158 m), which will be tested with diamond holes at a later stage.
Geophysical data 400 m to the north of the known deposit area indicate the presence of a possible feeder zone, as found on surface in one other area of the Yenipazar VMS-deposit. Feeder zone ores are commonly much richer than the associated stratiform VMS-ore. This target will be followed with RC-holes.
Aldridge has scheduled a Preliminary Economic Assessment (PEA, in this case, comparable to a scoping study with aspects of a pre-feasibility study). It is to address a number of parameters such as metallurgy, crushing, gravitational pre-enrichment, milling, flotation, and cost factors like electricity, fuel, labor, equipment, and tax regime & incentives. However, drilling during Summer 2007 has shown that the deposit is significantly larger than anticipated, and the PEA shall include a 43-101 compliant resource estimate based on the full extent of the deposit. This will likely take the PEA to Summer 2008.
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