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Polymetal International Plc
Summary
| Project: | Kyzyl | |
|---|---|---|
| Deposit: | Kyzyl | |
| Location: | Kazakhstan | |
| Commodities: | Gold | |
| Date: | 11/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-11-2019: Polymetal International Plc announces a Resource Estimation report for its Kyzyl deposit at the Kyzyl project. Ore reserves increase by 18%. Polymetal is pleased to announce an 18% increase in Ore Reserves at Kyzyl gold deposit to 8.5 Moz of | |
| Resources: | (Reserve, P+P): 41.7Mt @ 6.3g/t Au at Kyzyl | |
| CP/QP: | [Resources]: Valery Tsyplakov (CJSC Polymetal Engineering) | |
| ABSTRACT: | Polymetal is pleased to announce an 18% increase in Ore Reserves at Kyzyl gold deposit to 8.5 Moz of gold in accordance with the JORC Code (2012). “We have concluded the first stage of extending open-pit life-of-mine at our flagship operation. The next step is to estimate Ore Reserves at East Bakyrchik in Q4 2020”, said Vitaly Nesis, Group CEO of Polymetal. The Ore Reserve estimate is reported in accordance with the JORC Code (2012) as at 1 July 2019 using a gold price of US$ 1,200/oz and was prepared by Polymetal. A cut-off grade of 1.0 g/t of gold was applied for the open pit and 3.0 g/t for the underground. Ore Reserves were estimated solely for Zone 1 of the Bakyrchik deposit, Zone 2 (East Bakyrchik) reserves were not estimated. | |
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