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Kopy Goldfields AB
Summary
| Project: | Krasny | |
|---|---|---|
| Deposit: | Krasny/Krasnoe | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 5/26/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-5-2016: Kopy Goldfields AB announces a Resource Estimation report for its Krasny/Krasnoe deposit at the Krasny project. Updated mineral resource estimation for Krasny/Krasnoe deposit. Micon International Co. Limited (Micon) was contracted by Krasny LLC | |
| Resources: | (Resource): 7.848Mt @ 1.141g/t Au (Ind.) and 12.324Mt @ 1.682g/t Au (Inf.) | |
| CP/QP: | [Resources]: Stanley C. Bartlett (Mincon International Ltd.) | |
| ABSTRACT: | Micon International Co. Limited (Micon) was contracted by Krasny LLC (Krasny) to complete an evaluation of the mineral resources of the Krasnoe gold deposit located in the Irkutsk region, Russian Federation. Krasny LLC is owned by OJSC GV Gold (51% shares) and a Swedish company Kopy Goldfields AB (49% shares). This Report contains the results of this evaluation and was prepared in accordance with the internationally recognised guidelines of the JORC Code 2012 (the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserve Committee of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Minerals Council of Australia). In addition Micon conducted a review of the exploration results and metallurgical testwork results. The evaluation of the mineral resources was based on the constructed deposit block model. The mineral resources were evaluated within the outline of the designed pit constructed on the basis of the optimal ultimate pit shell. | |
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