MacPhersons Resources Ltd is a Western Australian resource company with a number of advanced gold, silver and zinc exploration projects within close proximity to Kalgoorlie and Coolgardie.
The Company's focus is to develop its Nimbus–Boorara silver-zinc-gold projects comprised of 205 sq km of continuous tenements covering 20 km strike of the Kanowna–Boorara historic silver and gold mining producing domain. The Company also holds 100% interest in 11 km of strikelength of the MacPhersons Reward gold domain, including the namesake MacPhersons Open Cut mine and the northern Kambalda–Nepean Nickel domain.
Less than 20 months after the acquisition, MRP took the project from zero resource to 4.9Mt @ 149g/t containing 23.4 million ounces Ag-Eq* (December 2013); and on 30 April 2015 MRP announced Nimbus increased mineral resource of 12.1 million tonnes at 52 g/t silver, 0.2g/t gold and 0.9% zinc containing 20.2 million ounces of silver, 78,000oz of gold and 104,000 tonnes of zinc. (See 30 April 2015 ASX release for full announcement.) This represents increase of 58% in silver, 60% increase in zinc and 66% in gold. The Nimbus resources are in addition to the 340,000 ozs of gold located at Boorara deposit 1km southwest of Nimbus.
The expanded JORC Mineral Resource provided by Independent Consultants CSA Global has also delivered a higher level of confidence with 83% of silver and 72% of zinc now in the measured and indicated resource categories.