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Eurasia Mining Plc
Summary
| Project: | Semenovsky Tailings | |
|---|---|---|
| Deposit: | Semenovsky Tailings | |
| Location: | Russia | |
| Commodities: | Gold-Silver | |
| Date: | 8/31/2016 | |
| Report Code: | (other Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-8-2016: Eurasia Mining Plc announces a Resource Estimation report for its Semenovsky Tailings deposit at the Semenovsky Tailings project. Reserve update for project under Russian systems of Reserves assessment. Eurasia Mining plc,("Eurasia") the Russia | |
| Resources: | (Reserve, Total): 2.99Mt @ 1.18g/t Au, 16.44g/t Ag (C2 Reserves) | |
| CP/QP: | [Overall Report]: Christian Schaffalitzky (Internal) | |
| ABSTRACT: | Eurasia Mining plc,("Eurasia") the Russia focused PGM and gold production and development company, here working in partnership with Metal Tiger plc ("MTR"), is pleased to update progress on work on the Semenovsky Tailings Project (STP), in Bashkiria, Russia. As reported on the 26 April 2016, a Russian Pre-Feasibility Study equivalent - the TEO of Conditions - had previously been reviewed and approved by the expert panel at the Bashkirian mines department. A Reserves Report incorporating a fresh Reserve calculation was immediately lodged for approval and has now been approved. Previous reserve calculations had not been approved at the deposit due to insufficient metallurgical work - Eurasia have integrated metallurgical work carried out on-site in 2014 which has now been considered sufficient for approval of C2 category reserves. The entire tailings dam reserves were approved as Russian C2 standard - 2.99m tones of ore grading 1.18 g/t gold and 16.44 g/t silver - contained metal calculated as 3.53 tonnes gold and 49.28 tonnes of silver. The drill grid density and metallurgical work was sufficient for the approval of a C2 Reserve under the Russian system of Reserves assessment. C1 and C2 Reserves are defined by the national Russian standards on mining and minerals as published by the National Certification Body of the Russian Federation. Data included under this standard must be approved by the Russian Federal Agency for Subsoil Use ("Rosnedra") | |
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