An Inferred category Mineral Resource has been defined at Sunny Corner under the JORC Code 2004 edition as follows:
1.5 Mt @ 3.7% Zn, 2.1% Pb, 0.39% Cu, 24 g/t Ag and 0.17 g/t Au at a 2.5% combined base metals cutoff grade, for contained metal as:
- 55,000 tonnes of zinc;
- 32,000 tonnes of lead;
- 5,800 tonnes of copper; and
- 1.2 million ounces of silver.
In its 19 September 2013 Sunny Corner – Resource Statement to Argent Minerals, H&S Consultants noted the following:
- No account has been made for any historical mine production or development; and
- Three RC holes from within the Resource and five vertical metallurgical diamond holes have not been included in any resource estimate. However, H&S believes that they would have a minor impact on the Resource estimate figures and spatial location of grades.
For details of the Resource as at 30/6/2014, see Appendix 3 (pages 83 & 84) of the Argent Minerals 2014 Annual Report release to the ASX on 30 September 2014.