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Altyn Plc
Summary
| Project: | Sekisovskoye | |
|---|---|---|
| Deposit: | Sekisovskoye | |
| Location: | Kazakhstan | |
| Commodities: | Gold-Silver | |
| Date: | 10/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-10-2019: Altyn Plc announces a Resource Estimation report for its Sekisovskoye deposit at the Sekisovskoye project. Updated mineral resources and ore reserves at project. Altyn is pleased to announce the results of the latest Independent Competent Perso | |
| Resources: | (Reserve, P+P): 33.45Mt @ 3.53g/t Au, 5.78g/t Ag at project | |
| CP/QP: | [Resources]: V. Redozubov-Gorskiy (Internal;Ernst and Young Advisory Services Pty Ltd.) | |
| ABSTRACT: | Altyn is pleased to announce the results of the latest Independent Competent Person’s Report (“CPR”) for the Sekisovskoye Mine, which includes an important upgrade to its Mineral Resources and Ore Reserves estimates. The updated Mineral Resource and Ore Reserve estimates are based on additional exploration drilling conducted between 2014 and 31 May 2019 and includes the plan to ramp up the underground production. There have been important changes to the regulatory requirements in Kazakhstan resulting in a detailed discussion of these matters in the report. EY has compiled the CPR in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 edition (“the JORC Code”). At all stages, the technical teams ensured, that all technical parameters and economic assumptions were consistent with the requirements of JORC Table 1. Altyn’s independent consultant, Ernst and Young Advisory Services (Pty) Ltd (“EY”), has prepared a CPR for the 100% owned Sekisovskoye Mine located in Kazakhstan. The CPR includes an updated Mineral Resource and Ore Reserve estimate that is higher than the CPR completed in 2014, entitled “Independent Competent Persons’ Report on the Sekisovskoye Gold Project” prepared for Altyn Plc (formerly Goldbridges Global Resources Plc) as at 31 May 2014 by Venmyn Deloitte (Pty) Ltd. | |
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