https://www.engineeringnews.co.za
Gold|Resources|Underground|Drilling
Gold|Resources|Underground|Drilling
gold|resources|underground|drilling

Polymetal reports sizeable increase in Mayskoye gold reserve

7th February 2019

By: Creamer Media Reporter

     

Font size: - +

Russian miner Polymetal has announced a 778 000 oz increase in the ore reserves at its Mayskoye gold deposit, which adds five years to the operation’s mine life.

The updated Joint Ore Reserve Committee-compliant reserves comprise ten-million tonnes of ore with an average grade of 6.9 g/t containing 22-million ounces of gold.

This represents a sizeable increase in the previous estimate with a 49% increase in tonnage, a 5% improvement in grade and a 55% jump in gold contained.

The ore reserve estimate has been updated to include drilling data completed by Polymetal in 2018, which comprises 225 additional diamond drill holes from the underground mine and 1 537 holes from the openpit. Most of the converted ounces represent an upgrade and conversion of inferred resources in the southern and northern flanks of the property.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.13s - 160pq - 2rq
Subscribe Now