The resources are found in the project’s primary deposit Paiol, and two satellite deposits Vira-Saia and Cata Funda, located 5km and 15km from Paiol, respectively.
The company has completed an altered block model and also updated the mineral resource estimate for the gold project including the updated geostatistical analysis of the Paiol pit.
The new estimate accordance with the requirements of National Instrument 43-101 will increase the total number of ounces of gold.
The three deposits which will receive all the gold resources will include Paiol, the project’s primary deposit, and two satellite deposits, Vira-Saia and Cata Funda, located 5km and 15km from Paiol, respectively.
Rio Novo Gold president and CEO Julio Carvalho said, the Almas Gold Project, which is now fast approaching its conclusion.
"Total resources have increased along with a higher level of confidence associated with DFS parameters. We are now running the final mine production schedule, which will feed into an updated Capex and Opex."
