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Eurasia Mining Plc
Summary
| Project: | Semenovsky Tailings | |
|---|---|---|
| Deposit: | Semenovsky Tailings | |
| Location: | Russia | |
| Commodities: | Gold-Silver | |
| Date: | 7/4/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-7-2016: Eurasia Mining Plc announces an Exploration/Drilling Update report for its Semenovsky Tailings deposit at the Semenovsky Tailings project. Drilling results incl. 1m @ 1.61g/t Au, 15.8g/t Ag from the 2016 metallurgical drilling programme. Eurasia | |
| Resources: | (not mentioned in this report) | |
| 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 from the Semenovsky Tailings Project (STP), most importantly the receipt of assay results from the 2016 metallurgical drilling programme. As reported in RNS dated 26 April 2016, a drilling programme was carried out on site and the samples sent to SGS Chita for assay and subsequent metallurgical analysis. The testing program is considered in three phases. Phase 1a, fire assay of samples, phase 1b, bottle-roll cyanide-leach testing, and phase 2, optimisation of leach variables. The assay results returned for the 54 samples collected in phase 1a are in line with previous estimates, and the grades used previously in Eurasia's resource calculations. This work is a necessary step in planning the design of the processing plant, as well as confirming the grade of the tails and the reliability of previous workers sampling. The depth of the tailings dam varies from six to eleven metres on average and this recent sampling program was designed to test the complete column of sands through to underlying clays below the tailings foundation. 5 drill holes were evenly spaced over the 1.5km2 tailings dam. Results are tabulated in full below. The sands were logged and individually bagged on site in Semenovsky by Eurasia geologists. Gold values are obtained by fire assay with an atomic absorption analysis finish and the silver values by atomic absorption method. | |
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