For thousands of other reports visit RSC's Mineral Intellingence Map
Polymetal International Plc
Summary
| Project: | Viksha | |
|---|---|---|
| Deposit: | Viksha | |
| Location: | Russia | |
| Commodities: | PGM-Gold-Copper | |
| Date: | 9/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-9-2016: Polymetal International Plc announces a Resource Estimation report for its Viksha deposit at the Viksha project. Initial mineral resource estimate for Viksha project. Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its | |
| Resources: | (Resource, I+I): 213Mt @ 0.6g/t Pd, 0.2g/t Pt, 0.1g/t Au, 0.10% Cu | |
| CP/QP: | [Resources]: Ivor Jones (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") is pleased to announce the maiden Mineral Resource estimate audited by AMC Consultants Pty Ltd ("AMC Consultants") for the 100%-owned Viksha project. "Viksha successfully delivered our maiden PGM resource", said Vitaly Nesis, Group CEO of Polymetal. "I believe that the project's size, combined with the absence of significant technical challenges, makes it a unique investment opportunity within the global PGM space". The Mineral Resource statement for Viksha has been audited and reported by AMC Consultants - an independent consultant - in accordance with the JORC Code (2012) as presented below. The property lies near the centre of the southern Karelian Craton which is situated within the Archaean granite-greenstone terrain, adjacent to the lower Proterozoic Onega trough. The ore-bearing gabbro associated with the Koikar sill and host-rock dolerites uniformly occur among the terrigene-carbonate formations. The rock sequence has been incorporated in the synclinal fold. The syncline has an asymmetric structure with gently sloping north-west (15-25°) limb and subvertical south-east limb. The syncline extends for 6.5 km north-south and 1.5 km east-west. The Viksha deposit comprises three adjacent areas within the north-west limb of the syncline structure: Viksha proper, Kenti, and Shargi. All of them contain platinum, palladium, gold ("Platinum group metals" or "PGM") and copper mineralisation within the Koikar sill gabbro-dolerites. The outcrop of reef-type mineralisation has been traced for over 20 km. Viksha mineralisation is localized within the stratified sill rocks at the boundary between the lower gabbro and the upper dolerite zones. The sill has a maximum thickness of approximately 235 m. The underlying dolomite sediments are 40-50 m thick. Mineralised zones are clearly stratified with gold and copper predominance in the upper part, and palladium in the lower part of the mineralisation. The platinum-palladium-gold-enriched layer lies approximately 45 m above the sediments. The reef thickness is 5-11m. | |
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