Acacia Mining is pleased to announce a mid-year Mineral Reserve and Mineral Resource update for its Gokona Mine at North Mara which adds to the long-term potential of this underground operation.
- Mineral Reserves as at end May 2019 increased by 13% in comparison to year-end 2018 from 1.117 million oz of gold at 5.6 g/t to 1.257 million oz of gold at 5.5 g/t; primarily driven by the successful additional drilling on the East and West extension at Gokona in 4Q18 and 1Q19, offset by mining depletion and a more conservative change in assumptions for crown pillar stope recovery.
- Measured and Indicated (M&I) Mineral Resources increased by 63% from 75 000 oz of gold at 3.3 g/t to 122 Koz of gold at 3.6g/t.
- Inferred Mineral Resources increased by 65% from 515 Koz of gold at 6.5g/t to 849 Koz of gold at 5.4g/t following the increase in drill density and confidence levels in the deeper areas of the deposit.
- All these increases are despite the fact that some 76 Koz of gold have been mined in the intervening period.