Hutite, Egypt

Hutite, Egypt

The Hutite prospect is located in the Hodine concession in the Eastern Desert of Egypt which geologically is part of the Arabian Nubian Shield. The Hodine concession was acquired by Thani Dubai Mining in an international tender for ground conducted by the Egyptian Mineral Resource Authority in 2006. Exploration was initially operated by Thani Ashanti 2009 to 2013, from 2014 exploration has been carried out by Thani Stratex Resources.

The Hutite prospect is located at the site of a historic mine operated by the British in the mid 1900's. Gold was mined from structurally controlled steeply dipping veins within ophiolitic melange sequence. Hutite was the primary focus of exploration in Egypt by Thani Ashanti who drilled ~30,000 meters of diamond core around the old mine workings. The Hutite prospect contains a non-JORC compliant resource of 520,000 oz of gold, completed by Quantitative Group (QG).

Ordinary Kriging – Indicator Model

20mE x 20mN x 10mRL blocks
Cut-off
Grade
kTonnes Au
(g/t)
kOunces
0.2 14,000 1.21 540
0.4 11,500 1.41 520
0.6 9,500 1.61 490
0.8 7,700 1.81 450
1 6,600 1.98 420

Table 1. Hutite resource estimate – results for hybrid approach

DG Change of Support Model

20mE x 20mN x 10mRL blocks
Cut-off
Grade
kTonnes Au
(g/t)
kOunces
0.2 15,600 1.19 590
0.4 12,800 1.38 570
0.6 10,400 1.58 530
0.8 8,600 1.77 490
1 7,100 1.95 450

Table 2.Hutite resource estimate – results for Discrete Gaussian change of support

Figure 1. Relict stone buildings from british mining, Historical mine tailings in background of photo.

Figure 1. Relict stone buildings from british mining, Historical mine tailings in background of photo.

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