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Centerra Gold Inc.
Summary
| Project: | Mount Milligan | |
|---|---|---|
| Deposit: | Mount Milligan | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 3/26/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-3-2020: Centerra Gold Inc. announces a Resource Estimation report for its Mount Milligan deposit at the Mount Milligan project. Annual Resource and Reserve Estimate. Toronto, Canada, March 26, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) today issue | |
| Resources: | ||
| CP/QP: | [Overall Report]: John Fitzgerald (Internal) | |
| ABSTRACT: | Toronto, Canada, March 26, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) today issued its 2019 yearend estimates for mineral reserves and mineral resources and announced the publication of a new NI 43-101 technical report relating to the Mount Milligan Mine. 2019 year-end mineral reserves have been estimated based on a gold price of $1,250 per ounce and a copper price of $3.00 per pound. The 2019 mineral resource estimate for Kumtor is based on an updated interpretation of mineralized zones and modeling parameters effective as of January 31, 2020. The updated resource estimate includes 2018 and 2019 drilling results within the Central Pit and an updated block model for both the Central Pit and the Southwest/Sarytor Pit. Mount Milligan Technical Report Update Summary The Company has published an updated technical report for the Mount Milligan Mine (the “2020 Mount Milligan Technical Report”) which includes revisions to the resource model, metallurgical recoveries, operating cost estimates, net smelter return (NSR) cut-off value, and the life-of-mine (“LOM”) open pit design. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and filed on SEDAR on March 26, 2020 with an effective date of December 31, 2019. | |
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