Forrestania Reports 45,500 oz Au Mineral Resource at Tycho Deposit
Key points
- Tycho Deposit MRE of 1,438,341 tonnes @ 0.98 g/t Au for 45,500 oz
- 93% of MRE in Measured & Indicated categories
- Supports Forrestania's strategy of building scale across Coolgardie Hub
Full summary
Forrestania Resources Ltd has reported a JORC Compliant Mineral Resource Estimate for the Tycho Deposit at its Coolgardie Gold Hub, totalling 1,438,341 tonnes @ 0.98 g/t Au for 45,500 oz of gold. The Measured component of the MRE is 540,000 @ 0.99g/t Au for 17,100 oz representing 38% and the Indicated component of the MRE of 871,500 @ 0.99 g/t Au for 24,800 oz represents 55% of total MRE (93% of total MRE in Measured & Indicated categories). The Tycho Deposit is part of the MacPhersons Reward Project, located 2.5km south of the MacPhersons Reward Pit which was recently mined by Beacon Minerals Ltd. The deposit is hosted in Ultramafic bedrock, with mineralisation contained within a number of Biotite-Chloride-Talc shears shallowly plunging North-West. Forrestania's Chairman David Geraghty commented that the Tycho Mineral Resource is another 'shovel ready' FRS project on a duly approved mining lease at the MacPhersons Reward Project near Coolgardie, supporting the company's broader strategy of building scale across the Coolgardie Hub.
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