32.8 C
Belgrade
Supported byspot_img
spot_img

Dundee's new gold reserves in Bulgaria Chelopech mine

Member of Europium Groupspot_img
Supported byspot_img

Dundee Precious Metals which is operating the Bulgaria Chelopech silver-gold mine found new/old reserves which will be processed in coming years. Chelopech mine is one of the biggest gold exploration location in Europe.

Dundee Precious Metals reported on additional four million tonne increase in the Measured and Indicated Mineral Resource categories at its Chelopech mine in Bulgaria.

Resource drilling activity in 2015 has targeted prior mining areas, where sub-level caving was previously conducted, to confirm the historical in-situ resources which were restricted from mining by Bulgarian authorities due to technical difficulties. DPM has always considered that these volumes may be mineable. Over the last two years, Chelopech has successfully demonstrated the safe and efficient recovery of 151,000 tonnes of ore from the block 150 orebody crown pillar. It is intended to use the same mining approach as successfully demonstrated with the 150 crown pillar to be able to extract these materials in proximity to historical cave zones. This has resulted in a revision to the Mineral Resource inventory at Chelopech mine, specifically the conversion of some Inferred Mineral Resource volumes to Indicated Mineral Resources which are now available for consideration for conversion to Mineral Reserves in due course. This is an increase of 15%, corresponding to a 4.2Mt increase in the Measured and Indicated Mineral Resource category of the Mineral Resource Inventory. With the additional resources added and the further exploration drilling planned for 2016, a possible expansion to current production will be evaluated and considered over the course of the coming year.

Supported by

Dundee’s principal operating assets include the Chelopech operation, which produces a copper concentrate containing gold and silver, located east of Sofia, Bulgaria; the Kapan operation, which produces a copper concentrate and a zinc concentrate, both containing gold and silver, located in southern Armenia; and the Tsumeb smelter, a concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold properties located in Bulgaria, Serbia, and northern Canada, including the Krumovgrad project and interests held through its 50.1% owned subsidiary, Avala Resources Ltd., and its 12.0% interest in Sabina Gold & Silver Corp.

Supported byElevatePR Digital

Related News

Boosting Egypt’s mining sector: Key agreements at Egypt Mining Forum

Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of several significant cooperation agreements in the mining sector during the Egypt Mining...

Zinnwald Lithium bolsters production prospects with expanded mineral resource estimate

Zinnwald Lithium saw a significant surge in its shares on Friday following a 50% increase in the mineral resource estimate for its flagship project...

Driving Europe’s green and digital economy: The surge in critical raw materials demand

As Europe accelerates its transition towards a green and digital economy, the demand for Critical Raw Materials (CRMs) such as lithium, nickel, rare earth...

Mining giants challenge Australian environmental reforms over economic concerns

Recent documents obtained under freedom of information laws reveal that mining giants, including Hancock Prospecting and Rio Tinto, have lobbied the Albanese government to...
Supported by
Supported by
Supported by
error: Content is protected !!