G-Resources Group(HKSX:1051) has announced an increase in estimates of its gold and silver deposits at Martabe in Indonesia.
The Tor Uluala deposit in Martabe is now estimated to harbour 920,000 ounces of gold and 7,810,000 ounces of silver, with average grades of 0.9 g/t gold and 7.7 g/t silver.
G-Resources' JORC compliant Martabe mineral deposits are now estimated to contain 8.05 million ounces of cold and 77.0 million ounces of silver.
According to G-Resources CEO Peter Albert "this upgraded resource at the Tor Uluala deposit clearly demonstrates the upside in and around the existing ore bodies. We expect further upgrades at exploration drilling continues."