30th Jun 2016 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 30 June 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) will provide an update on mining and production at Asacha in the first five months of 2016 at the Company's Annual General Meeting today.
Mine development in April and May 2016 comprised 741 metres while ore extraction (including ore from stoping and mine development) amounted to 30,911 mt, including new stoping ore of 5,937 mt at an average 12.6 g/t gold in April and 8,525 mt at an average 9.2 g/t gold in May. In the first five months of 2016, an average 13,309 mt per month was processed through the Asacha plant (2015: 13,231 mt per month).
Mining and production at Asacha in the first five months of 2016 is shown in the following table.
Q1 2016 |
April 2016 |
May 2016 | Year to date 2016 | January - May 2015 | |
Mine development (m) | 1,115 | 402 | 339 | 1,856 | 1,777 |
Ore extracted (mt)
| 44,067 | 15,483 | 15,428 | 74,978 | 73,476 |
Ore processed (mt)
| 40,300 | 13,240 | 13,006 | 66,546 | 66,153 |
Average processed gold grade (g/t) | 7.38 | 8.53 | 8.56 | 7.84 | 7.76 |
Average processed silver grade (g/t) | 10.75 | 11.52 | 14.71 | 11.68 | 13.11 |
Gold recovery rate (%) | 94.95 | 95.25 | 94.98 | 95.02 | 95.49 |
Silver recovery rate (%) | 77.36 | 81.87 | 83.56 | 79.77 | 74.72 |
Gold in dore (oz)
| 9,202 | 3,481 | 3,403 | 16,086 | 15,809 |
Silver in dore (oz)
| 10,818 | 4,224 | 5,056 | 20,098 | 20,915 |
Gold refined (oz)
| 9,343 | 3,256 | 2,838 | 15,437 | 15,600 |
Silver refined (oz)
| 11,542 | 3,695 | 3,208 | 18,445 | 21,115 |
TSG will report Asacha's full second quarter 2016 gold production in July 2016.
Ends
Contacts
TSG |
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Contacts
TSG |
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Simon Olsen | + 44 (0) 7770 484965
| Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 | Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
Stewart Dickson/David Foreman (Corporate Finance) |
| David Foreman / Stewart Dickson (Corporate Finance) |
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| Jeremy Stephenson (Corporate Broking) |
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TSG.L