Geopacific Resources has defined a JORC 2012-compliant 51,000 tonne copper equivalent resource at Prospects 150 and 160 of the Kou Sa Copper Project in Cambodia. The majority of the resource is less than 70 metres from surface.
The company has been working towards the goal of completing a resource and scoping study sufficient to take Kou Sa into production, with revenue generated from production intended to support exploration expansion of the project.
As a measure to gauge initial inventory of mineralisation at Kou Sa, Geopacific has completed an estimate on the currently defined mineralisation at the Prospect 150 and 160 areas, where drilling continues.
These areas from part of the overall inventory of the Kou Sa project with further resources to be calculated for the Prospect 100, 117, 128 and 190 areas when drilling has sufficiently delineated these areas.
Managing director Ron Heeks said, “The initial resources for Prospects 150 and 160 are a good start with a high proportion falling in the indicated category which is attributed to our drilling density and grade continuity.
“We will continue to build the overall resource inventory, adding mineralisation from other zones and moving the project toward development. The epithermal gold discovery at Prospect 190 Gold is also becoming an exciting, potential addition to the resource inventory.
“We have long held the view that significant, underlying sources of mineralisation would be required to form the wide zones of near-surface mineralisation already identified at numerous areas on the licence. This, supported by other pertinent geological indicators, suggests the high potential to discover feeder zones and deeper mineralisation.
“The process of delineating the mineralisation discovered to date has increased our understanding of the geological systems and will greatly assist us in targeting a deeper source.
“The progress of the resource inventory, exploration potential, accessible infrastructure and encouraging results from economic studies all confirm the potential of Kou Sa to become a profitable operation.”
The starter operation currently envisaged is a 750,000 tonne/annum conventional flotation plant, producing around 10,000 tonnes per annum of copper equivalent in concentrate with an initial mine life of seven years. The initial resource is well on the way to achieving this starter.