Lachlan Star Ltd: Indicated Mineral Resource Increased to 1.79 Million oz of Gold, Inferred Mineral Resource Increased to 1.34 Million oz of Gold
03.04.2012 | Marketwire
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESPERTH, WESTERN AUSTRALIA -- (Marketwire - April 3, 2012) - Gold miner, Lachlan Star Limited ("Lachlan" or the "Company") (TSX: LSA) (ASX: LSA) is pleased to announce an updated and increased mineral resource for the Tres Perlas at its 100% owned CMD Gold Mine in Chile.
This latest estimate represents an increase of 153,000 ounces of gold after the collection of an additional one months data post the February estimate and will be the basis for the NI 43101 Technical Report to be filed shortly. The CMD Gold Mine Indicated mineral resource now contains 1,788,000 ounces of gold and the Inferred mineral resources contain a further 1,342,000 ounces of gold as shown in Table 1.
Table 1 - Comparison of April 2012 and Feb 2012 CMD Gold Mine Global Mineral Resource Estimates
Classification Feb 2012 Mineral Resource (koz) April 2012 Mineral Resource (koz) K Oz's
Change % Change
Indicated 1,722 1,788 66 4%
Inferred 1,255 1,342 87 7%
Global mineral resources are now in excess of 3 million ounces of gold. Figure 1 illustrates the rapid growth in the CMD Gold Mine global resource base since the Company took ownership in December 2010, as well as the increasing confidence levels of the mineral resource estimates.
A full copy of the announcement is available on the Company's website at the link below:
http://www.lachlanstar.com.au/images/3_April_2012_CMD_Resource_Update.pdf
Contact Information
Lachlan Star Limited
Sarah Beardmore
+61(8) 9481 0051
sarah.beardmore@lachlanstar.com.au
www.lachlanstar.com.au