Toka Tindung gold reserves

Toka Tindung gold reserves

SINGAPORE (Reuter): Aurora Gold Ltd said yesterday that gold
reserves at its Toka Tindung project in north Sulawesi, Indonesia
were more than one million ounces.

Sandy Moyle, general manager for exploration, said in a report
with three other Aurora officials at a gold conference in
Singapore that the company was finalizing a feasibility study on
the four deposits making up the Toka Tindung project.

"Combined, these deposits have estimated mineral resources in
excess of one million oz gold at an average grade of 2.8 gm/
ton," the report said.

"Local prospectors had previously thought the veins were
barren because of the fine nature of the gold. No previous record
of gold mineralization is known in the district," it added.

Last month, Aurora raised the estimate of gold reserves at
Toka Tindung by 50 percent to 612,000 ounces.