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Cervantes ups inferred resources at Albury Heath gold mine in Western Australia

Cervantes Corp. Ltd. has increased the inferred resources at its Albury Heath gold mine in Western Australia to 528,000 tonnes at 2.09 g/t for 35,479 contained ounces, according to a March 12 company release.

The maiden estimate for the project from February 2017 was an indicated and inferred resource of 390,000 tonnes at 2.15 g/t for 27,000 contained ounces.

The new estimate included data from two drilling campaigns consisting of 36 reverse circulation holes for 2,337 meters.

A survey of the project has also identified five new targets, which will be the subject of a geochemical reconnaissance program.