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CHERTOVO KORYTO

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CHERTOVO KORYTO
Classification: Active/Verified
Status: Exploration
Type of Work: Surface
Location: Russia, Irkutsk region
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Property News

March 31, 2008
Reported that proved and probable reserves at Chertovo Koryto amount to 43.61 million tonnes of ore at 1.83 g/t, and 79.96 tonnes (2.6 m oz) of gold. Measured and indicated resources amount to 50.49 m tonnes of ore at 1.84 g/t, and 92.95 tonnes ( 3 m oz) of the metal. In addition to that, inferred resources amounted to 2.09 million tonnes of ore at 1.64 g/t, and 3.4 tonnes (109 k oz) of the metal. The calculation was based on 0.8 g/t cut-off grade and $625/oz gold price. In 2005-2008 an $8 million exploration programme was carried out at the deposit. During that time, 28 531 meters of diamond drilling and 7 818 meters of trenches were done, two semi-industrial technological assays were done and 44 167 samples were taken.
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