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Eldorado Gold Corp.
Summary
| Project: | Tocantinzinho | |
|---|---|---|
| Deposit: | Tocantinzinho | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 11/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 15-11-2019: Eldorado Gold Corp. announces a Resource Estimation report for its Tocantinzinho deposit at the Tocantinzinho project. Updated resource and reserve statement. VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or “the Company”) today releas | |
| Resources: | ||
| CP/QP: | [Resources]: Rafael Jaude Gradim (Internal) | |
| ABSTRACT: | VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Reserve and Resource estimates as of September 30, 2019. The Company’s Proven and Probable gold Reserves totalled 16.4 million ounces as of September 30, 2019, compared to 16.9 million ounces as of September 30, 2018. The complete mineral Reserve and Resource data can be found at the end of this release and includes the data for tonnes, grades and ounces. The three percent decrease in Proven and Probable Reserve ounces was primarily attributable to processed production. At Lamaque, the last twelve months included successful construction, commissioning and two quarters of solid operating results that have now been supplemented with an increase in Reserve ounces. The reduction at Efemcukuru was due to updated geotechnical information which required a more dilutive mining method. This affected the economics of some previously designed stopes, removing them from this year’s reserves. Olympias also experienced a minor reduction, the result of mined production and readjustment of dilution assumptions in some parts of the orebody. The Perama South resource increase resulted from an updated interpretation of the hosting geology and mineralized horizon. Perama Hill and Perama South Reserve and Resource data is now presented separately, whereas it was previously shown on a combined basis. | |
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