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Polymetal International Plc
Summary
| Project: | Prognoz | |
|---|---|---|
| Deposit: | Prognoz | |
| Location: | Russia | |
| Commodities: | Silver-Lead | |
| Date: | 10/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 10-10-2018: Polymetal International Plc announces a Resource Estimation report for its Prognoz deposit at the Prognoz project. Updated mineral resource estimate for Prognoz. Polymetal announces the JORC (2012) Mineral Resource estimate for the Prognoz sil | |
| Resources: | (Resource, I+I): 10.07Mt @ 731g/t Ag, 2.0% Pb for 237Moz Ag, 197.8Kt Pb contained | |
| CP/QP: | [Resources]: Robin Simpson (SRK Consulting) | |
| ABSTRACT: | Polymetal announces the JORC (2012) Mineral Resource estimate for the Prognoz silver deposit. The fresh estimate upgrades the property’s resources to 256 Moz of silver equivalent at 789 g/t. “In-fill drilling results exceeded our expectations and strengthened our belief that Prognoz may succeed Dukat as one of the largest primary silver deposits in the world”, said Vitaly Nesis, Group CEO of Polymetal. The Mineral Resource estimate was prepared by Polymetal and independently audited by SRK Consulting (Russia) Ltd, effective as at 1 August 2018. The review was carried out Robin Simpson, who is employed full-time by SRK Consulting (Russia) Ltd, as a Principal Consultant (Resource Geology). Mr Simpson is a Member of the Australian Institute of Geoscientists (AIG), and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). LOCATION The Prognoz licence is located in the Verkhoyansk municipal district in the Republic of Sakha (Yakutia), part of the Russian Far East. The property is located approximately 450 km from the regional center of Yakutsk (population of 300,000) and approximately 220 km from the municipal center of Batagai (population of 3,700). The site is remote with seasonal access by winter road. There is no infrastructure at or near the property. | |
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