Location and Description of the Project
URYAKH
Uryakh is an advanced exploration project located in the Irkutsk region of Russia, 60 km from the Baikal-Amur Mainline railway.
The Uryakh gold licence lies in the ‘Lenskaya gold-bearing province’ of the northern Baikal mineralised belt.
The 2008-2014 exploration comprised air and ground based geophysical surveys, geochemical prospecting, drilling, trenching and geological mapping. Positive metallurgical results were obtained from preliminary and limited testwork data. Exploration results imply the potential for a large-scale open-pit and/or underground mineable resource.
Mineral Resources Summary (31 December 2017)
| Category | Ore (Kt) | Grade (g/t) | Au (Koz) |
|---|---|---|---|
| Indicated Open Pit | 3,058 | 4.07 | 400 |
| Indicated Underground | 8,712 | 3.71 | 1,039 |
| MEASURED+INDICATED | 11,770 | 3.80 | 1,439 |
| Inferred Open Pit | 304 | 2.13 | 21 |
| Inferred Underground | 2,483 | 3.86 | 308 |
| TOTAL (M+I+I) | 14,557 | 3.78 | 1,768 |
For more information, please see Mineral Resources and Ore Reserves Press Release