Conquest Mining provides an update on its Mineral Resource and Ore Reserve estimates for group operations following drilling and optimisation completed to 30 June 2011.
North Queensland Metals and Heemskirk Consolidated announced that following drilling carried out in January 2010 a Probable Reserve based on an open pit design has been estimated for the 309 deposit at the Twin Hills project, Queensland, Australia. Using a 1.5 g/t gold cutoff grade, the Open Pit Probable Reserve is estimated at 842,000 tonnes grading 3.4 g/t gold for 92,000 ounces and 5.0 g/t silver for 136,000 ounces.
North Queensland Metals and Heemskirk Consolidated announced an initial resource estimate for the Lone Sister deposit at the Twin Hills project, Queensland, Australia. The Lone Sister deposit resource estimate consists of 1.02 million tonnes at an average grade of 3.7g/t gold. This increases current gold resource at Twin Hills by 40% to 427,300oz.
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