Published: Monday, 02 April 2012 10:59
Written by ASIA Miner News
South Gobi Resources says a record year of exploration in 2011 has led to massive resources and reserves increases at its flagship Ovoot Tolgoi coal complex in southern Mongolia.
The company has updated its NI 43-101 measured and indicated resource by 14% to 302.3 million tonnes and inferred resource to 86 million tonnes, while the proven and probable reserves have jumped by 65% to 175.7 million tonnes. The Soumber deposit measured and indicated resource increased by 124% to 137.3 million tonnes, and the inferred resource by 26% to 83 million tonnes.
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