SouthGobi Resources Announces Filing of Technical Report Supporting Update of Ovoot Tolgoi Resource Estimate
(firmenpresse) - HONG KONG, CHINA -- (Marketwired) -- 05/15/16 -- SouthGobi Resources Ltd. (TSX: SGQ)(HKSE: 1878) ("SouthGobi" or the "Company") announces the filing on SEDAR of a technical report in respect of the Company's previously announced, updated resource estimate for its Ovoot Tolgoi coal mine in Mongolia.
The technical report, prepared by RungePincockMinarco (RPM), supports the scientific and technical disclosure in the Company's news release dated March 29, 2016 and the Material Change Report dated April 7, 2016 in which the Company disclosed updated resources, estimated as of January 1, 2015 (and confirmed as at March 24, 2016) of 170 million tonnes (Mt) of indicated resources and inferred resources of 78 Mt, compared to 133 Mt of measured resources, 60 Mt of indicated resources, and 24 Mt of inferred resources estimated in 2012.
The criteria used to limit the resources are:
Reference is made to the news release dated March 29, 2016 and the Material Change Report dated April 7, 2016, both of which are filed on SEDAR. The technical report was prepared by, or under the supervision of, Brendan Stats, an employee of RPM and a qualified person as that term is defined in National Instrument 43-101.
ABOUT SOUTHGOBI
SouthGobi, listed on the Toronto and Hong Kong stock exchanges, owns and operates the Ovoot Tolgoi coal mine in Mongolia. It also holds the mining and exploration licences of its other metallurgical and thermal coal deposits in South Gobi Region of Mongolia. SouthGobi produces and sells coal to customers in China.
Contacts:
SouthGobi Resources Ltd.
Investors Relations
Kino Fu
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Datum: 15.05.2016 - 17:21 Uhr
Sprache: Deutsch
News-ID 471165
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HONG KONG, CHINA
Kategorie:
Mining & Metals
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