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Silver Bear Resources Plc
Summary
| Project: | Mangazeisky | |
|---|---|---|
| Deposit: | Vertikalny | |
| Location: | Russia | |
| Commodities: | Silver | |
| Date: | 8/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 23-8-2018: Silver Bear Resources Plc announces an Exploration/Drilling Update report for its Vertikalny deposit at the Mangazeisky project. Drilling results incl. 7.9m @ 2412g/t Ag from 35.8m. August 23, 2018 – Toronto, Ontario – Silver Bear Resources Plc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Joe Hirst (Tetra Tech) | |
| ABSTRACT: | August 23, 2018 – Toronto, Ontario – Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) Is pleased to announce positive infill drilling results for the Vertikalny deposit within the Mangazeisky Silver Project, Republic of Sakha (“Yakutia”) Russia. In addition, the Company filed its financial results for the three and six month period ended June 30, 2018 on August 13, 2018, including development highlights of its Mangazeisky operations. Graham Hill, President and Chief Executive Officer, commented: “We are very encouraged by continued excellent results from the grade control drilling at the Vertikalny deposit which continue to validate our geological modelling. We plan a mineral resource updated of the mine area later this year. In addition, exploration is ongoing at other potential areas with some infill drilling at Mangazeisky North and initial trenching at the very prospective Kis Kuel target further to the south. Operationally, the Prognoz team has made significant progress with almost three tonnes of silver bearing powder sent to the refinery during July. We are very pleased with the progress being made in August with continued and sustained stability of all operations. Mining operations proceed according to plan and the milling, leaching and filtration sections are running at design throughput on a continual basis. Detailed commissioning and optimisation of the electrowinning section are ongoing. Silver Bear anticipates full commercial production during the last quarter of this year.” | |
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