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Polyus Gold International Ltd.
Summary
| Project: | Blagodatnoye | |
|---|---|---|
| Deposit: | Blagodatnoye | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 4/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-4-2019: Polyus Gold International Ltd. announces a Resource Estimation report for its Blagodatnoye deposit at the Blagodatnoye project. Updated mineral resources and ore reserves. PJSC Polyus (LSE, MOEX — PLZL) (“Polyus”, the “Company”) announces the re | |
| Resources: | (Reserve, P+P): 208Mt @ 1.36g/t Au for 9.1Moz Au contained at project | |
| CP/QP: | [Resources]: Alex Virisheff (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | PJSC Polyus (LSE, MOEX — PLZL) (“Polyus”, the “Company”) announces the results of its Ore Reserves and Mineral Resources review as at 31 December 2018 in accordance with JORC Code 2012. Polyus’ Proved and Probable (P&P) Ore Reserves are estimated at 64 million ounces of gold. The Measured, Indicated and Inferred (MI&I) Mineral Resources stand at 192 million ounces of gold, including 63 million ounces of Indicated and Inferred Mineral Resources for Sukhoi Log. The Company’s Mineral Resource are estimated at 192 million ounces of gold, compared to 190 million ounces as of 31 December 2017, which reflects depletion at all operating mines and update of the Mineral Resources estimate for Sukhoi Log. The Mineral Resource and Ore Reserve estimates are summarized in the Tables below. The effective date for the estimates is 31 December 2018. There is no material change to the estimates since the original statement on 5 June 2017, apart from mining depletion and update to Sukhoi Log Mineral Resource estimate. As a result, there is no requiremen | |
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