Montezuma Mining Company has increased the Butcherbird project resource to 119 million tonnes at 11.6% manganese following the completion of a series of updated estimates by Snowden Mining Industry Consultants.

Snowden completed Resource estimates for seven additional deposits which produced further Inferred Resources of 70 million tonnes at 11.4% manganese using a 10% cut off. A further low grade Resource of 55.9 million tonnes at 9.3% manganese was also calculated using an 8% to 10% cut off.

Initial metallurgical test results from a diamond and reverse circulation program conducted by Montezuma indicate that a saleable product of greater than 35% manganese at 20% yield is achievable.

The style of mineralization at the additional Resource areas is consistent with the Resource at Yanneri Ridge where Montezuma is currently undertaking a Feasibility Study with a view to producing 0.5 million tonne 1 million tonnes of manganese product for export.

Based on the geological similarities and preliminary metallurgical test work Montezuma believes these new resources will be amenable to the same mining and beneficiation processes being investigated for Yanneri Ridge.

Reverse circulation drilling at Butcherbird continues to deliver high grade copper intersections. The most recent of which include 3 meters at 3.42% copper from 92 meters, 2 meters at 3.66% copper from 63 meters and 2 meters at 4.74% copper from 102 meters.

The significance of the discoveries is that they have confirmed copper mineralization associated with the Butcherbird Shear Zone over a strike of at least 250 meters within a broader prospective corridor striking in excess of 6 kilometers within the company’s tenure.

(Sourced from www.proactiveinvestors.com.au)