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Auriant Mining AB
Summary
| Project: | Tardan | |
|---|---|---|
| Deposit: | Pravoberezhniy | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 10/7/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-10-2016: Auriant Mining AB announces an Exploration/Drilling Update report for its Pravoberezhniy deposit at the Tardan project. Drilling results incl. 33.9m @ 7.07g/t Au from 22.3m. Auriant Mining is pleased to announce preliminary drilling results at | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Auriant Mining is pleased to announce preliminary drilling results at the Pravoberezhny deposit located within the Greater Tardan area. Auriant started drilling at Pravoberezhniy in Q4 2015 and as of today the drilling program has been completed. A preliminary estimate of additional resources discovered during this drilling campaign amounts to 4.2 tonnes of gold with an average grade of 3.31 g/t. Please use this link to access cross section information and drilling data. The ore bodies outcrop at surface and the resource is very shallow. A relatively simple morphology of the ore body and surrounding geology provides for a low stripping ratio, expected to be less than 1:4. Upon completion of the exploration program Auriant will start preparing documentation required for approval of the resources in GKZ. It is expected that mining of the deposit could start in the beginning of 2019. The Greater Tardan license comprising 540 sq. km is located in the Republic of Tyva, Russia The Tardan deposits are located within the contour of this area. Exploration work within the Greater Tardan area started in 2013 and 13 prospective areas was targeted, with the objective of locating new gold deposits, as well as identifying suitable targets for future exploration work. We used geochemical and subsequently geophysical study methods. As a result of the work three very prospective exploration targets (besides the Tardan mine) were identified: the Barsuchy, Pravoberezhny and Bai-Syutskiy prospects. These three areas have similar characteristics - distinct geochemical gold anomalies with coinciding fault structures. | |
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