Claims Holdings
The Shashi Gold Prospect has a claims holding totalling 364 ha comprising of 12 blocks of gold, 5 base metal blocks and 2 Special Grants.
Current Status
The Gold prospect is under exploration and mine development.
Project Value
The current in-situ resource of more than 5.7 million tonnes at 1.08 g/t gold equates to 132,327 ounces of gold giving a current in-situ value of US$212million at US$1600/ounce. The above resources have only been estimated to a vertical depth of 100m. Only the east west trending reefs were included in the resource estimation. If the north south trending reefs are included in the resource estimation, the resources can easily triple in quantity and value.
