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Silver Bear Resources Plc
Summary
| Project: | Mangazeisky | |
|---|---|---|
| Deposit: | Vertikalny | |
| Location: | Russia | |
| Commodities: | Silver | |
| Date: | 12/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 21-12-2017: Silver Bear Resources Plc announces a Resource Estimation report for its Vertikalny deposit at the Mangazeisky project. Updated mineral resource estimate for the Vertikalny deposit. December 21, 2017 – Toronto, Ontario – Silver Bear Resources | |
| Resources: | (Resource, M+I): 0.760Mt @ 1152g/t Ag for 28.1Moz Ag contained | |
| CP/QP: | [Resources]: Joe Hirst (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | December 21, 2017 – Toronto, Ontario – Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) is pleased to announce a National Instrument 43-101 (“NI 43-101”) mineral resource update for Vertikalny deposit within the Mangazeisky Silver Project, Republic of Sakha (“Yakutia”) Russia. Graham Hill, President and Chief Executive Officer, commented: “I am very pleased with this significant upgrade of the Vertikalny Inferred resources to the Measured and Indicated category, of which 1.8 Moz is now classified as Measured, at a very high average grade of 1,572 g/t Ag. This upgrade based on recent grade control trenching, once again confirms that this high grade is present right from the start of ore mining and will kick-start Silver Bear into an operating, dynamic company. As construction progresses at site, we continue to stock pile ore in anticipation of silver production early in 2018. We look forward to this being the start of our ongoing development as we look at future project opportunities both within and beyond our current exploration area. In addition, the drilling work on the Infill and Metallurgical campaign announced in November is progressing well and planning for the balance of exploration is 2018 is well advanced with some very interesting targets.” | |
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