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Jibal Qutman Gold Project
The Jibal Qutman Project is located in the Asir terrane approximately 130Km from the city of Bisha, within the central-southern region of the Arabian Shield.
The Exploration Licence and Mining Licence application covers an important part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with numerous gold occurrences and ancient gold workings.
GMCO began exploration on this greenfields shear-zone-hosted quartz vein gold target in 2012 and rapidly defined a gold resource of 733,045oz.
As a result of this exploration success and subsequent technical studies, a Mining Licence application has been made for a Heap Leach Open-Pit operation targeting the 287,329oz of oxide gold mineralisation.
Resources remain open both along strike to the north, south and down-dip and near-mine exploration is expected to add further resources to this project.
| Mineral Resource | Mining Type | Tonnes (Mt) | Au g/t | Au Oz | |
| Domain | Classification | ||||
| Oxide | Indicated | Open Pit | 8,336,176 | 0.86 | 229,165 |
| Inferred | 2,806,468 | 0.64 | 58,164 | ||
| Sulphide | Indicated | 9,706,111 | 0.86 | 269,323 | |
| Inferred | 7,606,335 | 0.72 | 176,392 | ||
| Oxide | Combined | 11,142,647 | 0.80 | 287,329 | |
| Sulphide | Combined | 17,312,457 | 0.80 | 445,716 | |
| Total | Combined | 28,455,104 | 0.8 | 733,045 | |
*Resource statement for the Jibal Qutman project as of 2015
