2.1 C
Belgrade
Supported byspot_img
spot_img

Dundee Bulgaria Chelopech gold mine 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 by

Source: Serbia-energy.eu

Supported byElevatePR Digital

Related News

Current Accusations Against Tara Resources, the Concessionaire, Found to Be Unsubstantiated

The most likely outcome, if the concession agreement for the Brskovo mine is terminated, is that the concessionaire, Tara Resources, will initiate arbitration against...

Titan Lithium Plans Establishment of Lithium Processing Plant in the UAE

KEZAD Group, the largest operator of integrated and purpose-built economic zones, and UAE-based Titan Lithium have announced the signing of a 50-year land lease...

Outdated 1872 Law Exempts Gold, Silver, and Lithium Mining on Federal Land from Royalties to the US Treasury

When Congress opened U.S. public lands for mining in 1872, the nation was less than a century old. Miners used picks, shovels and pressurized...

Allied Nations, Including US, Advance Rare Earth Recovery Initiatives in Response to China’s Dominance

Rare Element Resources is working to establish US-based rare earth production using innovative recovery and separation technology. Forty years ago, China understood something long before...
Supported by
Supported by
Supported by
error: Content is protected !!