The resource estimate has been updated by Snowden Mining Industry Consultants.
Inferred resources of 70 million tonnes at 11.4% manganese using a 10% cut-off were produced following resource estimates for seven additional deposits.
Snowden also encountered a further low grade resource of 55.9 million tonnes at 9.3% manganese was also calculated using an 8-10%cut-off.
Montezuma in its initial metallurgical test results indicated a saleable product of greater than 35% manganese at a 20% yield is achievable.
Reverse circulation drilling has delivered high grade copper intersections at Butcherbird which include 3 metres at 3.42% copper from 92 metres, 2 metres at 3.66% copper from 63 metres, and 2 metres at 4.74% copper from 102 metres.
Montezuma is currently undertaking a feasibility study at its Yanneri Ridge prospect which has yielded similar style of mineralization to Butcherbird.
The discoveries confirmed copper mineralisation associated with the Butcherbird shear zone over a strike of at least 250 metres, within a broader prospective corridor striking in excess of 6 kilometres within the company’s tenure.
Montezuma Company has in excess of 3,000 km of exploration land in Western Australia, with multi-commodity including gold, copper, nickel and uranium targets.
