10th Feb 2020 12:13
(Alliance News) - Trans-Siberian Gold PLC on Monday reported a mineral resource estimate of 1 million ounces of gold at its Rodnikova deposit in Kamchatka, Russia.
The JORC-compliant estimate found an indicated mineral resource at the asset of 3.1 million tonnes of gold at a grade of 5.3 grammes of gold per tonne, for 519,000 ounces of gold.
The estimate also found an inferred mineral resource of 3.2 million tonnes of gold at a grade of 4.8 grammes of gold per tonne, for 491,000 ounces of gold.
Chief Executive Officer Alexander Dorogov said: "It is pleasing to confirm a one million ounce gold mineral resource estimate at Rodnikova. The JORC mineral resource estimate validates previous reported estimates under the GKZ classification and also the value-created following its cost-effective acquisition last year."
In April, Trans-Siberian said the deposit had a GKZ Russian classified resource of 1 million ounces at 5.3 grams per tonne of gold.
Shares in the company were 0.8% higher at 54.95 pence each in London on Monday shortly after midday.
By Eric Cunha; [email protected]
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