Today's PR indicates that management is confident that their
Columbian Coscuez emerald mine will be proven a very significant revenue generator after a 43-101 compliant report has been completed.
"Fura Gems Inc. (“Fura” or “the Company”) (TSXV:FURA) (OTC:FUGMF) (FRA:BJ43), a gemstone mining and marketing company, has engaged Toronto based Watts, Griffis and McOuat Limited (“WGM”), an independent firm of geological and mining consultants, to ensure the disclosure of all existing data, and proposed work and plans for its Coscuez emerald mine in Colombia are compliant with Canadian National Instrument 43-101 (“NI 43-101”) and the Council of the Canadian Institute of Mining, Metallurgy and Petroleum standards and definitions and Best Practices Guidelines. The Company intends to work with WGM to publish a maiden NI 43-101 mineral resource estimate for the Coscuez emerald mine.
The important first step in this process is for WGM to complete a site visit to the Coscuez emerald mine in Colombia. This visit was completed in mid-April 2018 and Fura will continue to work with WGM to provide further insight into the Coscuez emerald mine, including through its local experience and the sharing of historical information.
Dev Shetty, President & CEO of Fura, commented: “Fura has taken an important step with commencing the work to achieve the NI 43-101 compliant mineral resource estimate for its flagship Coscuez emerald mine in Colombia, Coscuez. The successful completion of a NI 43 -101 mineral resource estimate will be the first of its kind for the Colombian emerald market and it is Fura’s intention to release the mineral resource estimate sometime in Q4 2018.”
“We are pleased to have WGM on board who are Canada’s longest running independent firm of geological and mining consultants that provides value-added professional services of the highest standards to the global mineral resource industry."
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