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Centerra Gold Inc.
Summary
| Project: | Gatsuurt | |
|---|---|---|
| Deposit: | Gatsuurt | |
| Location: | Mongolia | |
| Commodities: | Gold | |
| Date: | 12/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-12-2017: Centerra Gold Inc. announces a Resource Estimation report for its Gatsuurt deposit at the Gatsuurt project. Updated mineral resources and ore reserves. BACKGROUND AND PROJECT DESCRIPTION The Gatsuurt Gold Project (Gatsuurt or the Project or th | |
| Resources: | (Reserve, Prob.): 15.356Mt 2.7g/t Au for 1316Koz Au contained | |
| CP/QP: | [Resources]: Lars Weiershauser (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | BACKGROUND AND PROJECT DESCRIPTION The Gatsuurt Gold Project (Gatsuurt or the Project or the Property) is located approximately 200 kilometres (km) south of Mongolia’s northern border with the Russian Federation and 90 km north of Mongolia’s capital city of Ulaanbaatar in the Mandal Soum (district) of Selenge Aimag (province), north-central Mongolia. Centerra Gold Inc. (Centerra or the Company) has prepared this Technical Report on the Gatsuurt Gold Project which supports the disclosure of the Project’s Mineral Resource and Mineral Reserve estimates at October 31, 2017. The Technical Report has been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). All dollar figures in this Technical Report refer to US dollars (US$ or $), unless otherwise noted. Exploration in the Project area was carried out during various intervals from the 1970s to 2016 and evolved from an initial gold placer discovery and mining to the discovery of gold in bedrock and resource delineation at Gatsuurt. In 1996, Cascadia LLC, a Mongolian subsidiary of Cascadia Mining Inc. (together Cascadia), obtained three major exploration licences in Mongolia, including the Kharaagol Licence that covers a significant part of the Yeroogol gold trend, including the Gatsuurt placer area. Cameco Gold Inc. (Cameco, later Centerra Gold Inc.) funded Cascadia’s exploration programs from 1997 to 2001. In 2001, Cameco acquired Cascadia (now Centerra Gold Mongolia LLC (CGM)). | |
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