Crocodile Gold Corp. Completes Mine and Development Options Study for Maud Creek Deposit

The study aimed to optimize the financial development scenario for the Maud Creek Deposit, and the results indicate that the deposit can support a financially viable and robust gold project. The deposit, located approximately 110 kilometers southeast of the Company's Union Reefs processing facility, has a 43-101 compliant Indicated Mineral Resources of 9,288,000 tonnes at 3.1 g/t Au and Inferred Mineral Resources of 1,072,000 tonnes at 2.4 g/t Au.

Key Takeaways:

The Maud Creek Deposit has a 43-101 compliant Indicated Mineral Resources of 9,288,000 tonnes at 3.1 g/t Au and Inferred Mineral Resources of 1,072,000 tonnes at 2.4 g/t Au.
The deposit is located approximately 110 kilometers southeast of the Company's Union Reefs processing facility.
The study concluded that the deposit can support a financially viable and robust gold project, based on a A$1400 oz Au gold price.
Crocodile Gold will be working towards advancing the project via a Pre-Feasibility Study, where further detailed studies will be conducted.
The exploration group undertook a diamond drill program to confirm the current resource model and possibly expand the resource base, which has just recently been completed.
Assay results from the diamond drill program will be reported at a later date.
Crocodile Gold has 3.175 million ounces of NI 43-101 compliant Measured and Indicated mineral resources and 2.14 million ounces of Inferred mineral resources.

Statistics:

9,288,000 tonnes of Indicated Mineral Resources at 3.1 g/t Au
1,072,000 tonnes of Inferred Mineral Resources at 2.4 g/t Au
A$1400 oz Au gold price
3,300 km2 of land package
2.4 million tonne per year capacity at the Union Reefs Mill
3.175 million ounces of NI 43-101 compliant Measured and Indicated mineral resources
2.14 million ounces of Inferred mineral resources

Sources:

Crocodile Gold Corp.