MacPhersons Resources Ltd is a Western Australian resource company with a number of advanced gold, silver and zinc exploration projects within close proximity to Kalgoorlie and Coolgardie.
The Company's focus is to develop its Nimbus–Boorara silver-gold-zinc-lead-copper projects comprised of 205 sq km of continuous tenements covering 20 km strike of the Kanowna–Boorara historic silver and gold mining producing domain. The Company also holds 100% interest in 11 km of strikelength of the MacPhersons Reward gold domain, including the namesake MacPhersons Open Cut mine and the northern Kambalda–Nepean Nickel domain.
Less than 20 months after the acquisition, MRP took the project from zero resource to 4.9Mt @ 149g/t containing 23.4 million ounces Ag-Eq*. This includes 12.4Moz Ag, 65,000t Zn and credits for Au-Hg. (See 3 December 2013 ASX release for full announcement.)
As announced August 2014 (See announcement) MRP increased previously published (Aug 2013) Nimbus Underground Ore Reserve 60%.
There is plenty of up side potential, with depth extensions, gold, copper and lead credits still to be added to the mineral resource. There also remains up to another 9 VHMS silver-zinc mineralisation zones on the 183 sqkm of MRP tenements yet to be tested.
News & Announcements
MacPhersons Appoints Experienced Corporate Finance Executive as a Director - 19 August 2014
Placement Increased from $8m to $8.8m - 8 August 2014
Nimbus Underground Ore Reserve - Updated JORC Table 1 - 8 August 2014
Presentation at Diggers & Dealers 2014 - 6 August 2014