For thousands of other reports visit RSC's Mineral Intellingence Map
Highland Gold Mining Ltd.
Summary
| Project: | Belaya Gora | |
|---|---|---|
| Deposit: | Belaya Gora, Blagodatnoye | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 2/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-2-2018: Highland Gold Mining Ltd. announces a Pre-Feasibility Study report for its Belaya Gora, Blagodatnoye deposit at the Belaya Gora project. Updated mineral resources and ore reserves and pre-feasibility study results for 14 yr LOM. Highland Gold Mi | |
| Resources: | (Reserve, Prob.): 20.1Mt @ 1.44g/t Au for 932koz Au contained at project | |
| CP/QP: | [Resources]: Not stated (SRK Consulting) | |
| ABSTRACT: | Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) is pleased to announce the results of a Pre-Feasibility Study ("PFS") by consultants SRK for its Belaya Gora operation, including upgrades to the existing processing plant and the mining and processing of ore from the nearby Blagodatnoye deposit. The PFS also contains updated JORC-compliant Mineral Resource and Ore Reserve estimates ("Resource Update") for both Belaya Gora and Blagodatnoye. An executive summary of the report will be available shortly on the Company's website (www.highlandgold.com). The revised Mineral Resource estimate for Belaya Gora more accurately reflects the actual mining experience and takes into account the results of a two-year drilling programme, which identified additional mineral resources. The Ore Reserve estimate also accounts for improved project economics, which increased the limits of the open pit. Estimates for Blagodatnoye likewise follow an extensive drilling programme in 2016-2017 to confirm the deposit's resources. Belaya Gora is Highland Gold's youngest operating mine, with commercial production initiated in 2014. It is located in the Khabarovsk region of Russia's Far East, 55 kilometres north of the town of Nikolaevsk-na-Amur and 66 kilometres south of the Company's MNV operation.The Blagodatnoye deposit is a greenfield project located 39 kilometres to the southeast of Belaya Gora. Initial exploration was carried out at the site in 2010-2012, and restarted in 2016. It is connected to Belaya Gora by municipal road. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report