Lachlan Star Announces Indicated Mineral Resource Increased by 15% to 2.06 Million Ounces of Gold and Inferred Mineral Resources Maintained at 1.35 Million Ounces of Gold
17.09.2012 | 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 STATES- TOTAL CONTAINED GOLD WITHIN MINERAL RESOURCES HAVE INCREASED BY OVER 500% WITHIN THE PAST TWO YEARS
- ADDITIONAL DYNAMIC LEACH PADS BUILT TO INCREASE GOLD PRODUCTION
- DELIVERY OF THE OWNER MINING FLEET COMMENCES
PERTH, WESTERN AUSTRALIA -- (Marketwire - Sept. 17, 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 deposit at its 100% owned CMD Gold Mine in Chile.
"We are pleased to report that over the course of less than 2 years, our team has managed to deliver in excess of 500% growth in contained gold within the CMD Gold Mine's mineral resource," said Mick McMullen, Chairman of Lachlan Star."
This latest estimate represents an increase of 278,000 ounces of contained gold from the April 2012 estimate. The CMD Gold Mine Indicated mineral resource now contains 2,058,000 ounces of gold and the Inferred mineral resources contain a further 1,354,000 ounces of gold as shown in Table 1.
To view the full announcement please visit the Company website by clicking the link below: http://www.lachlanstar.com.au/images/20120917_LSA_CMD_Resource_Update_Final.pdf
Contact
Lachlan Star Limited
Sarah Beardmore
+61(8) 9481 0051
sarah.beardmore@lachlanstar.com.au
www.lachlanstar.com.au