Resources & Reserves
Exploratory drilling of 5 bore holes to delineate ore bodies and confirm the presence of ore pillars in the area of priority mining of the deposit with an appropriate set of geological, geophysical and laboratory studies.
Now, the level of historical geological knowledge is enhanced with more advanced exploration tools and technology uncovering the full potential of Klyntsi deposit.
Mineral Resource Estimation of the Klyntsi Gold Project and Technical Report 43-101 prepared by CSA Global (Australia) and Geological Service Company GSK (Ukraine). The Technical Report has been prepared in accordance with National Instrument 43-101 (NI 43-101, 2011), companion policy NI 43-101CP, and Form 43-101F1 (Standards of Disclosure for Mineral Projects). The Mineral Resources are estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014).
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Report on the geological study of the subsoil. Geological and economic assessment of the 1 priority mining block of the Klyntsi gold deposit. Prepared by Geological Service Company LLC (Ukraine), taking into account the report on the development of opening options and mining methods developed by the German company ThyssenSchachtbau. Approved by the Protocol of the State Commission of Mineral Reserves of Ukraine No. 5279-DSK dated March 30, 2021.
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Resources & Reserves
| Class code | Category | Reserves and resources of ore (thousand tons) | Grade g / t | Gold reserves, kg |
|---|---|---|---|---|
| Central and Gubivka areas | ||||
| 121 | C1 | 999.128 | 7.24 | 7234.1 |
| 222 (off-balance reserves, not developed) | С2 | 54792 | 1.7 | 92.9 |
| 333 | P1 | 4536.7 | 4.36 | 19761.7 |
| 334 | P2 | 3521.3 | 5.84 | 20573 |
| Total 1010 | 9 057 | 5.25 | 47568.8 | |
| Total 667 | 8058 | 5.01 | 40334.7 | |
| Zahidny Klyntsi area (preliminary data of GSK and NI 43-101, 2021) | ||||
| 334 | P2 | 2222.22 | 4.5 | 10000 |
For NI 2021 Report
| Category | Zone | Tonnes, Mt | Au, g/t | Au, t | Au, koz |
|---|---|---|---|---|---|
| Indicated | Stage I Block | 1.3 | 3.7 | 5.0 | 159 |
| Indicated | Outside Stage I Block | 0.4 | 2.3 | 0.9 | 29 |
| Indicated | Hubivka | 0.3 | 2.5 | 0.8 | 26 |
| Total Indicated | 2.1 | 3.2 | 6.7 | 214 | |
| Inferred | Stage I Block | 1.1 | 3.7 | 4.2 | 136 |
| Inferred | Outside Stage I Block | 2.8 | 2.2 | 6.0 | 194 |
| Inferred | Hubivka | 0.7 | 3.0 | 2.2 | 70 |
| Total Inferred | 4.6 | 2.7 | 12.5 | 400 | |
| Total | 6.7 | 2.9 | 19.1 | 615 | |
