Total Mineral Resources at the Project as at 30 June 2019 at 15.9 million tonnes averaging 2.7g/t gold containing for 1.39 million ounces of gold. All Resources are in compliance with JORC 2012. A breakdown of the Resources by deposit is shown in the table below.
Competent Person’s Statement – Geology
The Annual Mineral Resources Statement has been compiled by Mr John Hicks. Mr Hicks is General Manager Exploration and a full-time employee of Panoramic Resources Limited. Mr Hicks is also a shareholder in Panoramic Resources Limited. Under a Management Agreement between Panoramic Resources Limited and Horizon Gold Limited dated 21 October 2016, Mr Hicks is authorised to report on Horizon Gold Limited Mineral Resources. Mr Hicks is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Hicks has sufficient experience that is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hicks consents to the inclusion of the material in this announcement in the form and context in which it appears.
Competent Person’s Statement – Resource Estimation
The information in this announcement that relates to the Estimation and Reporting of Mineral Resources has been compiled by Mr. Richard Buerger BSc. Mr. Buerger is a full-time employee of Mining Plus Pty Ltd and has acted as an independent consultant on the Swan and Swift Mineral Resource Estimates. Mr. Buerger is a Member of the Australian Institute of Geologists and has sufficient experience with the style of mineralisation and deposit type under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr. Buerger consents to the inclusion in this announcement of the contained technical information relating to the Mineral Resource Estimations in the form and context in which it appears.
Please refer to Panoramic Resources Limited (ASX:PAN) ASX Announcement dated 12 July 2019 for further details.