Eurasia Mining plc (LON:EUA) has extended the memorandum of understanding over the Semenovsky Tailings project until the end of February to enable more metallurgical testwork to be undertaken.
Christian Schaffalitzky, Eurasia Mining’s managing director said the testwork is designed to find the most sensible and cost effective means of recovering gold using the most widely used method in the industry, that of cyanide leaching.
“The results of this testwork prove that to be true, however further work is still required to make a commercial decision.
“Extending the MOU to Q1 2017 protects our work to date and will allow for more conclusive testwork and a well-defined and a costed processing route.”