The mineral resource estimate is based on data from 32 drill holes and nine trenches drilled by Energizer at an average spacing of 50m along strike and along dip. The database now includes 80 drill holes and 35 trenches.
The new resource comprises measured resource of 23.62 million tons grading 6.32% carbon (C), an indicated resource of 76.75 million tons grading 6.25% C and an inferred resource of 40.91 million tons at 5.78% C, for a total of 141.28 million tons at 6.13% C.
In December 2012, the company announced a maiden National Instrument (NI) 43-101 resource of 124.31 million ton, including an indicated resource of 84.04 million ton and inferred resource of 40.34 million ton grading 6.36% C and 6.29% C above a 2% C cut-off grade.
