Latest Ukraine Mining News Headline
 Monday, September 07, 2009
KORAB RESOURCES LIMITED
Korab Resources provide the following update regarding the Bobrikovo gold project in Ukraine and the revisions to the definitive feasibility study for the production of gold from the oxide ores from surface to 35m depth. As announced to the market on 19 August 2009, the results of the revised study indicate a very profitable, robust project with low start-up and operating costs and high profit margin. The base case assumes gold spot price at US$900/oz, head grade of 4.18 g/t Au, recovery rate to concentrate of 70%, gold concentrate selling price equal to the 65% of the value of gold contained in the concentrate at spot price.
Property: BOBRIKOVO
(Complete Text of Sep 7, 2009 News Release) PDF |
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