Figures and Data

Resource Estimation for Zone 1

The following graphs and figures have been taken from The “ Resource Audit of the Andash Project” undertaken and published by Wardell Armstrong International Limited.

Resource estimation

Current Resources at 0.5g/t Au cut-off

Category

Million Tonnes

Au g/t

Cu %

Measured

1.75

0.99

0.40

Indicated

8.19

1.12

0.41

Total (Measured & Indicated)

9.94

1.10

0.41

 

 

 

 

Inferred

7.61

1.08

0.37

Andash Block Model with Topography

Topography Graph

Compositing

Comparison of Raw and Ore Zone Composite Grades

 

1m Composites

Assays in ore zone (86 drillholes)

Au

1.08

1.12

Cu

0.42

0.42

Variography

Isotropic Variogram For Gold

Isotropic Variogram For Copper

Variogram Parameters

Element

Nugget (Co)

Type

Sill (C1)

Range (A1)

Sill (C2)

Range (A2)

Au

0.51

Spherical

1.09

122

None

None

Cu

0.32

Spherical

0.68

112

None

None

Interpolated Gold Model

Model Parameters

Block model parameters

 

Min X

33200E

Max X

34000E

Min Y

9400N

Max Y

10000N

Min Z

1800

Max Z

2400

Model Rotation

0

Number of Columns

40

Number of Rows

30

Number of levels

35

Column Width

20m

Row Height

20m

Level Height

20m

 

Gold Interpolation Parameters

Interpolation

Pass 1

Pass 2

Search parameters

 

 

Algorithm used

Ordinary Kriging

Ordinary Kriging

Principal (az/dip)

No rotation

No rotation

Intermediate (az/dip)

No rotation

No rotation

Orientation D3 minor

No rotation

No rotation

Range (D1xD2xD3) in metres

50m

120m

Search Type

Octant

Ellipse

Min total samples

2

2

Max total samples

8

8

Min no of octants

2

None

Max samples per octant per hole

5

None

Max per octant

2

None

Grade capping (%)

None

None

High grade transition

None

None

Restricted search

None

None

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Project News

Announcements
16/07/2007

Pre-close Update

Significant progress has been made in the preparatory work for the construction of the ope... Read More...
Announcements
27/06/2007

Capital Expenditure Saving at Andash Zone 1 Mine

It is now expected that capital expenditure on the Zone 1 mine will be in the region of $4... Read More...
Announcements
30/05/2007

Andash Mine Update

Aurum Mining plc (AIM: AUR), the gold-mining company focussed on the Former Soviet Union, ... Read More...
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