| Announcement Date: | 2022-08-30 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Sihayo Gold Ltd. |
| Project name: | Hutabargot Julu |
| Location: | Indonesia |
| Commodities: | Gold,Silver |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Sihayo Gold Limited (ASX:SIH – “Sihayo” or the “Company”) is pleased to announce a maiden Inferred Mineral Resource Estimate for Sihorbo South located on the Hutabargot Julu project of the north block of the PT Sorikmas Mining Contract of Work (“CoW”), North Sumatra Province, Republic of Indonesia. This maiden resource estimate is reported in accordance with the 2012 edition of the JORC Code and guidelines for the reporting of exploration results. The 3.5 km x 3 km Hutabargot Julu project area is a large epithermal vein field with an extensive hydrothermal alteration footprint that is well highlighted by our recently reprocessed airborne magnetics imagery. South Sihorbo is one of multiple gold-silver targets identified within this vein field that are considered by the Company to be under-drilled or had no previous scout drilling (refer to SIH:ASX announcement “Sihayo Exploration Update” dated 25 January 2022). This initial maiden resource announced for Sihorbo South is the first delivered in the greater Hutabargot Julu project area. The mineral resource inventory is expected to grow with additional exploration drilling. Sihorbo South is a volcanic-hosted intermediate-sulphidation epithermal gold-silver vein system located in the South |
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