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Trans-Siberian Gold plc
Summary
| Project: | Asacha | |
|---|---|---|
| Deposit: | Asacha | |
| Location: | Russia | |
| Commodities: | Gold-Silver | |
| Date: | 1/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-1-2020: Trans-Siberian Gold plc announces a Resource Estimation report for its Asacha deposit at the Asacha project. Updated mineral resource estimate. Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces an updat | |
| Resources: | (Resource, M+I): 239Kt @ 14g/t Au, 43g/t Ag at project | |
| CP/QP: | [Resources]: Carrie Nicholls (Seequent UK Ltd.) | |
| ABSTRACT: | Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces an update of the Mineral Resource Estimate for the Asacha Gold Mine in Kamchatka, Far East Russia. The mineral resource at Asacha occurs in two zones: Main zone (currently being mined) and East zone (not yet mined). The Main zone hosts six defined veins, with the majority of the resource contained in two of these, QV1 and QV2. Three veins have been defined in the separate East zone. The Main zone has a strike length of approximately 1,500m, whilst the East zone is approximately 400m. The Mineral Resource Estimate (‘MRE’) for the Asacha Gold Mine was updated by Seequent UK Ltd (“SUKL”) as at 01 December 2019. SUKL has updated the Asacha deposit’s MRE at the end of every year from 2012. The purpose of these updates is to incorporate new data available from exploration, drilling, mining development and to account for mining depletion. The focus of the MRE has been to incorporate new resource drilling on QV1 and QV2 in the Main zone and QV25 in the East zone. As reported on 19 September and 22 October 2019, preliminary internal estimates indicated that the existing in-situ resource may have been overestimated. A complete reanalysis of the MRE model inputs has now been undertaken, resulting in a reduction to the MRE, due to multiple contributing factors such as new drilling data, updated vein interpretations, revision of estimation parameters (in particular top capping), additional mine induced sterilisation and a change to reporting by linear cut-off grade. SUKL’s full report is available on the Company’s website at: www.transsiberiangold.com | |
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