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Deccan Gold Mines increases Ganajur gold resource by 6%

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Deccan Gold Mines increases Ganajur gold resource by 6%

Deccan Gold Mines Ltd. said Sept. 23 that an updated mineral resource estimate for its Ganajur project in India showed a 6% increase in tonnage under the measured and indicated categories, and a slight drop in the average grade as compared to the earlier 2012 model.

The deposit now hosts measured and indicated resources of 300,000 ounces of gold within 2.7 million tonnes at 3.4 g/t of gold, using a cutoff of 0.8 g/t of gold. Inferred resources, meanwhile, total 210,000 tonnes at 2.3 g/t of gold.

The company noted that ongoing feasibility studies for Ganajur are progressing well, with projected completion deadlines under control. Mining engineers are also completing mine pit optimization studies based on the latest estimate.