Overall Increase Of 44% For Russian Mine
Trans-Siberian Gold plc (AIM:TSG) has announced a significant update to the Mineral Resource Estimate for the Asacha Gold Mine in Kamchatka, Far East Russia.
Highlights:
- Total Mineral Resource Estimate (Measured + Indicated + Inferred) has increased to 452,000oz Au and 1,334,000oz Ag reported as at April 30, 2020
- +44% overall increase in contained gold
- Tripling of Measured and Indicated Resources to 339,000oz at a higher grade of 16g/t
- 75% of Mineral Resources now in Measured and Indicated category
The company’s management say their expectations for the operational life of Asacha Gold Mine has been extended from 2024 to approximately 2027
Chief Executive Officer, Alexander Dorogov, said the newly discovered zone, Vein 25 North, within the East Zone has accounted for a significant increase in the Mineral Resource Estimate
He added that excellent drilling results from current campaign likely to result in an extended drilling programme as significant potential for further exploration is apparent
“This is a significant resource upgrade which comes as a direct result of our successful drilling campaign,” Mr Dorogov said.
“It is pleasing to substantially increase the size of the overall Mineral Resource and also move our resources into higher confidence categories. “Through our high impact drilling we have notably increased the scale of the high-grade East Zone which we are on track to bring into production this year.”
