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Bobrikovo gold/silver project, Ukraine

5th April 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Bobrikovo gold/silver project, Ukraine.

Client
Korab Resources.

Project Description
The Bobrikovo gold project has a Joint Ore Reserves Committee-compliant resource of 2.04-million ounces. Korab has been selectively mining and stockpiling the oxide ore at the project on a campaign basis for several years.

The stockpiled ore is segregated into high-grade, medium-grade and low-grade ores and is ready for processing using a gravity-based extraction circuit.

Mineralogical and metallurgical studies suggest that the recovery of gold to concentrate will be in a range of 50% to 60% using the Stage 1 second-hand gravity circuit.

The plant will be fed a blend of high-grade and medium-grade ore averaging 3.04 g/t gold. As the ore is soft and brittle and the proportion of coarse gold in oxide is high, the ore is amenable to gravity gold extraction to concentrate.

Value
Not stated.

Duration
Not stated.

Latest Developments
Korab has started construction of the processing plant and the ancillary infrastructure, including the lab, mechanical workshops and the administration building at the mine site.

It is expected that once the Stage 1 processing plant is acquired, it will take about three to four months to commission.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Korab Resources, tel +61 8 9288 4467 or fax +61 8 9288 4476.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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