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Chaarat Gold Holdings Ltd.
Summary
| Project: | Kapan | |
|---|---|---|
| Deposit: | Kapan | |
| Location: | Armenia | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 11/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-11-2019: Chaarat Gold Holdings Ltd. announces a Resource Estimation report for its Kapan deposit at the Kapan project. Kapan Mine Revised Mine Plan and Reserves Update. Chaarat (AIM:CGH), an AIM-listed gold mining company (the Company) with assets in A | |
| Resources: | (Reserve, P+P): 4.5Mt @ 1.69g/t Au, 31.72g/t Ag, 0.35% Cu, 1.34% Zn | |
| CP/QP: | [Resources]: Joe Hirst (Internal) | |
| ABSTRACT: | Chaarat (AIM:CGH), an AIM-listed gold mining company (the Company) with assets in Armenia and the Kyrgyz Republic, is pleased to announce an update for their Kapan polymetallic mine (the Mine) located in the Republic of Armenia. This is the first Ore Reserve statement from Chaarat since acquiring the Mine in February 2019. The mineral resources and ore reserves, detailed in this press release, have been reported following the guidelines and requirements of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('the JORC Code'), 2012 (JORC 2012). In July 2019 (see press release dated 29 July 2019), the Company provided an update to the Kapan Mineral Resource Estimate. The Mineral Resources have since been updated to account for depletion as well as new assay and geological data derived from 627 meters of underground drilling completed since the July update, included within the 24,321 meters of underground drilling completed to date in 2019 (of a budget of 48,000 meters for 2019). This updated Mineral Resource Estimate forms the basis for the revised Ore Reserves and mine plan presented here. | |
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