An updated National Instrument 43-101 compliant Mineral Resource Estimate has been completed for the Cuervo Resources Inc. (CNSX:FE,FWB:CRR) wholly owned Cerro Ccopane iron ore project in southern Perú, and reports an additional 72 million tonnes of inferred iron ore resources.
As quoted in the press release:
The updated study, prepared by B.J. McKay Ltd. (“McKay”), uses a polygonal and sectional model method and includes results from 25 drill holes put down in the Aurora zones of mineralization and from 20 drill holes put down in the Huillque zone of mineralization. This drilling was originally completed and sampled in 2009 but a resource estimate was not commissioned by the Company at that time. The previously reported NI 43-101-compliant Resource Estimate (Orcopura zone, prepared by Micon International Inc. in March, 2009) stood at 55.55 million tonnes (“measured and indicated”) grading 46.75% Fe and 50.83 million tonnes (“inferred”) grading 43.68% Fe with a cut-off of 20% Fe. The new global Measured, Indicated and Inferred Resources on the Cerro Ccopane property, which includes all the drilling performed on the Orcopura, Aurora and Huillque zones now stand at: