Laverton lifts gold reserve<\/p>\n
SYDNEY (Reuter): Laverton Gold NL said it has increased its
\nforecast of contained gold at the Rawas gold\/silver project in
\nsouthern Sumatra in Indonesia by 20 percent to 415,000 ounces of
\ngold equivalent.<\/p>\n
The company said in a statement yesterday that this was based
\non a slightly lower than forecast measured and indicated
\nresources of 779,000 tons at 4.5 grams a ton gold equivalent.<\/p>\n
Total reserves plus resources at Rawas was estimated at 7.823
\nmillion tons at 3.1 grams a ton gold, 41 grams a ton silver, and
\n3.65 grams a tons gold equivalent.<\/p>\n
Laverton said it had also applied for an additional contract
\nof work area for 410 sq km nearby which contained rock types to
\nthose that host the Rawas deposit.<\/p>\n
Laverton announced last November that it would proceed with
\ndeveloping its wholly owned Rawas project to produce 65,000
\nounces of gold a year over a 10 years plus mine life.<\/p>\n
Commissioning of the project was scheduled to start in
\nSeptember this year.<\/p>\n
Laverton shares were half a cent lower at 47.5 cents at
\nmidday.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/laverton-lifts-gold-reserve-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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