Highland extends MNV’s mine life to 2029
An updated audit of mineral resources and ore reserves at the Mnogovershinnoye (MNV) mine supports the extension of its life by seven years to 2029, Russia-focused Highland Gold reported on Monday.
Further, a considerable increase in mineral resources has created the potential to add substantially more reserves in the future, the company noted.
The audit, conducted by Mincon International, takes into account data from near-mine exploration conducted at MNV in 2017, as well as updated mining parameters.
Gold contained in ore reserves (proven and probable) as of January 1, 2018, increased to 771 569 oz from the estimate of 452 866 oz published last year.
The reserve grade was lowered from 5.5 g/t to 2.7 g/t, reflecting lower cut-off grades and an increase in ore volume from 2.7-million tonnes to 9.1-million tonnes.
The new reserve grade is in line with the average grade mined at MNV in recent years.
Highland Gold stated that it continued to conduct near-mine exploration at MNV, both on the main licence areas and on three adjacent greenfield licences acquired over the past two years - Zamanchivaya, Kulibinskaya, and Vilkinskaya.
Work on the new licences carried out in 2018 included over 70 000 m3 of trenching, as well as core drilling at Zamanchivaya and Kulibinskaya. Logging and sampling are in progress.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation