Polyus has reassessed Natalka with lowering of reserves by 49% to 507 tons of gold
Edited by Rhod Mackenzie / 2015-02-24 11:25:37
Polyus Gold Int (unites the assets of Polyus Gold OJSC) has reassessed the mineral resources and ore reserves of the Natalka deposit in the Magadan region that make up 16.3 mln ounces (507 tons of gold) under JORC 20122, the company reports.
Proven and probable ore reserves at Natalka are now assessed at 319 mln tons with gold content of 1.6 g/ton that corresponds to 16.3 mln ounces of gold reserves. The assessed, discovered and probable mineral resources are assessed at 777 mln tons with the content of 1.5 g/ton that corresponds to the resources of 36.8 mln ounces of gold (1,114.6 tons).
The reconsideration of the project of the deposit’s development is planned to be over in mid 2015.
