Ardea Resources Ltd. released Aug. 15 an inferred mineral resource estimate for the Yeoval copper-gold mine in its Lewis Ponds project in Australia, which is at 12.8 million tonnes at 0.38% copper, 0.14 g/t gold, 2.2 g/t silver and 120 ppm molybdenum at a 0.2% copper cut-off.
The resource is estimated to contain 48,500 tonnes of copper, 58,000 ounces of gold, 911,000 ounces of silver, and 1,500 tonnes of molybdenum metal.
The resource includes a higher grade zone of 2.5 million tonnes at 0.65% copper, 0.22 g/t gold, 3.8 g/t silver, and 192 ppm molybdenum at a 0.5% copper cut-off.
