Coloured gemstone producer Fura Gems has appointed 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.
Fura said it intends to work with WGM to publish a maiden NI 43-101 mineral resource estimate for the Coscuez mine. The important first step in this process, a site visit to the mine by WGM, was completed in mid-April. Fura will continue to work with WGM to provide further insight into the Coscuez mine, including through its local experience and the sharing of historical information.
Fura President and CEO Dev Shetty commented, “The successful completion of an 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.”
He added, “We are pleased to have WGM, who are Canada’s longest-standing independent firm of geological and mining consultants that provides value-added professional services of the highest standards to the global mineral resource industry, on board.”