Highland Gold Mining - Exploration Licence for Krasnaya Gorka
Highland Gold Receives Exploration Licence for Krasnaya Gorka
The Krasnaya Gorka licence covers an area of 96.7 square kilometres and is situated on the main road that connects the district administrative centre, Nikolaevsk-na-Amur, to Highland Gold's Belaya Gora and MNV mines. The site is also about halfway along the ~40 km distance between Belaya Gora and the Company's Blagodatnoye licence. Like Blagodatnoye, Krasnaya Gorka is being targeted to provide additional resources for processing at the Belaya Gora mill.
According to the licence, Krasnaya Gorka contains Russian-standard P2 category prognosticated resources of gold, silver, lead, zinc, copper and molybdenum that will need to be confirmed and updated by Highland Gold's geologists. The Company will prepare an exploration programme over the course of this year and carry out preliminary preparations for the work, which is expected to commence in 2021.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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+44 (0) 207 104 2334
Russian Standard: Gosstandart of
Category P2: Prognosticated resources representing possible mineral structures in known mineral deposits, estimated based on geophysical and geochemical data. The morphology, composition, and size of the mineralisation is estimated by analogy with similar mineralised geological structures in the area. It does not have a JORC-standard equivalent, but is described as Reconnaissance Mineral Resource under the UNFC code.
This information is provided by RNS, the news service of the
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