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Tropicana gold mineral resources estimated at 7.72Moz

28th February 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – The Tropicana gold joint venture (JV) project, in Western Australia, had an estimated mineral resource at December 31 of 7.72-million ounces, 30% owner ASX-listed Independence Group said on Friday.

The 7.72-million ounces was made up of 6.85-million ounces of openpit resources and 870 000 oz of underground resources.

The latest figure showed a slight decrease from the 7.89-million ounces of estimated mineral resources Independence’s JV partner, gold miner AngloGold Ashanti, reported in December 2012.

Independence said that the change from December 2012 mostly related to depletion owing to mining and milling, as well as minor changes to the pit design.

Meanwhile, the project’s ore reserves at December 31 were estimated at 3.74-million ounces of gold.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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