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Highland Gold Mining Ltd.
Summary
| Project: | Unkurtash | |
|---|---|---|
| Deposit: | Unkurtash | |
| Location: | Kyrgyzstan | |
| Commodities: | Gold | |
| Date: | 2/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 22-2-2018: Highland Gold Mining Ltd. announces a Resource Estimation report for its Unkurtash deposit at the Unkurtash project. Annual summary of Highland Gold mineral resources and ore reserves. Highland Gold Mining Limited ("Highland Gold" or the "Compa | |
| Resources: | (Reserve, Prob.): 10.2Mt @ 1.4g/t Au for 472koz Au contained at project | |
| CP/QP: | [Resources]: Andrew Sevryugin (Internal) | |
| ABSTRACT: | Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) is pleased to report its Ore Reserves and Mineral Resources in accordance with the JORC Code as at 31 December 2017. Highland Gold's Ore Reserves (proven and probable) increased by 56% to 5.1Moz of gold and gold equivalent from 3.3 Moz on 31 December 2016* following updated estimates for each of the Company's producing assets and its main development project, Kekura. Mineral Resources (measured, indicated and inferred) increased by 6.6% to 17.2 Moz of gold and gold equivalent as compared to 16.1 Moz on 31 December 2016*. The average grade in Ore Reserves was lowered to 3.3 g/t as compared to 8.0 g/t on 31 December 2016, reflecting lower cut-off grades and increased ore tonnage at Novo and Belaya Gora, plus the addition of Blagodatnoye. Updated resource estimates published last year for MNV, reflecting extensive near-mine exploration, and Novo, reflecting a reduced cut-off grade, added more than 800k oz of gold and gold equivalent to overall Ore Reserves. | |
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