Arctic Gold AB (ARCT): Mineral resource in Bidjovagge increased
The mineral resource in Bidjovagge has been increased by 35% through a recent study by Outotec (Finland) Oy after the drilling in 2011. The results show a 2.06 million ton indicated mineral resource with 1.60 g/t gold (2.23 g/t “uncut”) and 1.15% copper as well as 240,000 ton inferred mineral resource with 2.6 g/t gold (2.6 g/t “uncut”) and 0.9% copper. This mineral resource refers to in situ resources in the bedrock at a cut off of 2.0 g/t gold equivalent (Aueq=Au+2.1*Cu bases on a gold price of 950 Us$/tr oz and a copper price of 5,500 Us$/t).The update carried out by Outotec (Finland)