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Auriant Mining AB
Summary
| Project: | Tardan | |
|---|---|---|
| Deposit: | Pravoberezhniy | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 3/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-3-2017: Auriant Mining AB announces a Resource Estimation report for its Pravoberezhniy deposit at the Tardan project. New JORC resource estimate for Pravoberezhny. Auriant Mining is pleased to announce a new JORC resource estimate at the Pravoberezhny | |
| Resources: | (Resource, I+I): 4.9t @ 3.23g/t Au at Pravoberezhny | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Auriant Mining is pleased to announce a new JORC resource estimate at the Pravoberezhny deposit located within the Greater Tardan area. The resources estimate is according to JORC and was made by Wardell Armstrong International, a UK based Engineering, Environmental and Mining consultancy group. The Pravoberezhny deposit is located within the Greater Tardan license area, 15 km northwest from the Tardan mine. According to the resource estimate, Pravoberezhny Indicated resources amount to 153 thousand ounces of gold (4.8 tonnes) and Inferred resources amount to 3 thousand ounces (0.1 tonnes). Total gold resources at Pravoberezhny deposit amount to 166 thousand ounces of gold (4.9 tonnes) with an average grade of 3.23 g/t. The new calculation exceeds the Company’s initial expectations (which were published in October 2016) by 0.7 tonnes of gold, or by 17%. The ore bodies outcrop at surface and the resource is very shallow. The entire Pravoberezhny ore body is expected to lie within the planned open pit contour. A relatively simple morphology of the ore body and surrounding geology provides for a low stripping ratio, expected to be less than 1:4. Mining of the deposit could start in the beginning of 2019. | |
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