28 C
Supported byspot_img

Bulgaria mining: Dundee gold mine Chelopech upper areas drill plan

Member of Europium Groupspot_img
Supported byspot_img

Dundee Precious Metals Inc. announced the results of the updated Mineral Reserve estimate for its Chelopech mine in Bulgaria, as prepared by CSA Global (UK) Pty. Ltd.

This Mineral Reserve update follows the December 21, 2015 announcement regarding the 15% increase to the Measured and Indicated Mineral Resource category of the Mineral Resource inventory at Chelopech. The Mineral Resource estimate, as reported in February 2016 (CSA, 2016), remains unchanged and has been used as a basis for Mineral Reserve estimates as outlined in this press release. This Mineral Resource estimate (“MRE”) is reported as of December 31, 2015, which reflects the mined volumes used to deplete the resource.

“This update to the Chelopech Mineral Reserve has not been impacted by the 15% increase to Mineral Resources announced in December,” said Rick Howes, President and CEO of DPM. “We are optimistic that with 28,000 metres of drilling planned for the upper areas of Chelopech in 2016, we will start to move these additional resources into the mine plan.”

Supported byElevatePR Digital

Related News

CATL explores $1.5 billion fund to boost global battery supply chain

China's Contemporary Amperex Technology (CATL), the world's largest electric vehicle battery manufacturer, is in discussions with overseas sovereign wealth funds and private offices of...

Securing Europe’s critical raw materials: Addressing funding challenges for sustainable extraction

Bernd Schäfer, CEO of EIT Raw Materials, advocates for substantial investment in Europe's mining sector following the implementation of the Critical Raw Materials Act...

Strengthening global sustainability: The SCMA and critical minerals for climate goals

Canada's Minister of Energy and Natural Resources, Jonathan Wilkinson, together with Sweden's Minister for Energy, Business and Industry, Ebba Busch, announced Sweden's accession to...

Nickel mining and the green energy challenge: Balancing supply with environmental responsibility

Nickel is poised as a critical element in the global shift towards green energy, yet its extraction poses significant environmental challenges, recently highlighted by...
Supported by
Supported by
Supported by
error: Content is protected !!