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Polyus Gold International Ltd.
Summary
| Project: | Kuranakh | |
|---|---|---|
| Deposit: | Kuranakh | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 4/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-4-2020: Polyus Gold International Ltd. announces a Resource Estimation report for its Kuranakh deposit at the Kuranakh project. Updated mineral resources and ore reserves. PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", the "Company") announces the results o | |
| Resources: | (Reserve, P+P): 117Mt @ 1.1g/t Au for 4.1Moz Au contained at project | |
| CP/QP: | [Resources]: Ingvar Kirchner (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 2019, in accordance with JORC Code 2012. This review only reflects depletion of Ore Reserve and Mineral Resource estimates, and changes to stockpile inventories, and does not include updated models, mine plans and production schedules, which Polyus will derive from the results of the ongoing drilling programme. Polyus' Proved and Probable Ore Reserves are estimated at 61 million ounces of gold. Later this year, the Company anticipates reporting a Maiden estimate of Ore Reserves for the Sukhoi Log. The Measured, Indicated and Inferred Mineral Resources are estimated at 188 million ounces of gold, including 63 million ounces of Indicated and Inferred Mineral Resources for Sukhoi Log. In the first half of 2021, Polyus expects to report revisions to Mineral Resource and Ore Reserve estimates for existing operations incorporating the results of the ongoing drilling programme. | |
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