For thousands of other reports visit RSC's Mineral Intellingence Map
Highland Gold Mining Ltd.
Summary
| Project: | Kekura | |
|---|---|---|
| Deposit: | Kekura | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 2/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 6-2-2018: Highland Gold Mining Ltd. announces a Feasibility Study report for its Kekura deposit at the Kekura project. Updated resources and reserves and feasibility study with 16 yr LOM. Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM | |
| Resources: | (Reserve, P+P): 8.88Mt @ 7.03g/t Au for 2.008Moz Au contained at project | |
| CP/QP: | [Resources]: Liubov Egorova (Fluor Corp.) | |
| ABSTRACT: | Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) today announces results from a Definitive Feasibility Study ("DFS") and updated JORC-compliant Mineral Resource and Ore Reserve estimates ("Resource Update") completed by international consultancy Fluor with input from SRK. An executive summary of the report will be available shortly on the Company's website (www.highlandgold.com). Kekura, located in the Chukotka region in Russia's Far East, is the Company's flagship development project. Substantial exploration work and technical studies have already been completed to date, with production targeted to commence in 2021. Kekura enjoys a high-grade mineral resource base. The Resource Update contained in the DFS was prepared using data collected from geological exploration in the period from 2006 to 2017, including exploration drilling and pilot mining. Preliminary construction work is already underway at Kekura, with the bulk of construction due to take place in 2019-2020. Key equipment will be selected and ordered this year for delivery to site in early 2019. Pre-commissioning is scheduled for late 2020 or early 2021, with ramp-up to full production in the second half of 2021.The broader Kekura licence area covers nearly 1,500 square kilometres and hosts 11 additional prospects that could provide further resources for the Kekura mill. The Company has already initiated exploration drilling on the Granat prospect with results expected later this year. | |
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