Increased Gold and Silver Resource at the Tor Uluala Deposit
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G-Resources Media Release
Increased Gold and Silver Resource at the Tor Uluala Deposit,
Martabe, Indonesia
(Hong Kong, 4 September 2012) G-Resources Group Limited (“G-Resources” or the
“Company”)(HKEx:1051) today announced an increase to the Mineral Resources at
Martabe with an upgrade to the JORC compliant Mineral Resource for the Tor Uluala
deposit. The Tor Uluala deposit is located within 2 km of the existing processing plant at
Martabe.
Highlights include:
The Tor Uluala Mineral Resource is now estimated to contain 920,000 ounces of
gold and 7,810,000 ounces of silver at an average grade of 0.9 g/t gold and 7.7
g/t silver.
The total G-Resources JORC compliant Mineral Resources are estimated to
contain 8.05 million ounces of gold and 77.0 million ounces of silver at Martabe.
After announcing the increase in resources at Tor Uluala, Chief Executive Officer Mr.
Peter Albert said: “We are pleased to announce the continued growth of the resource
base at Martabe. This upgraded resource at the Tor Uluala deposit clearly demonstrates
the upside in and around the existing ore bodies. We expect further upgrades as
exploration drilling continues.”
About G-Resources Group Limited (HKEx: 1051)
G-Resources is a leading gold-mining corporation based in Asia. The Company’s core
starter asset is Martabe which has a resource base of 8.05 million ounces of gold and
77.00 million ounces of silver. Martabe commenced production in July 2012 and when
at full capacity is expecting to produce at a rate of 250,000 ounces per annum of gold
and 2-3 million ounces per annum of silver at an anticipated life of mine cash cost in the
lowest quartile for global gold producers. For more information, please visit www.g-
resources.com.
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For enquiries, please contact:
APCO Worldwide
Tamora Leonard/Michael Perry
Tel: (852) 6809 1718 / (852) 2826 9332
Fax: (852) 2866 1917
TLeonard@apcoworldwide.com
MPerry@apcoworldwide.com
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