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Bullboard - Stock Discussion Forum Mangazeya Mining Ltd WHTGF

Mangazeya Mining Ltd is engaged in mineral exploration, development and production with a strategic focus on mineral properties in the Russian Federation with demonstrated potential for hosting economic mineral deposits consisting primarily of gold. The company's projects include Savkinskoye Deposit, Nasedkino gold ore, Zolinsko-Arkiinskaya, and Koryakmining. All of the company's revenues are... see more

GREY:WHTGF - Post Discussion

Mangazeya Mining Ltd > Mangazeya to increase reserves by at least 100 tons by 2023
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Post by relic on Aug 18, 2021 2:14am

Mangazeya to increase reserves by at least 100 tons by 2023

CHITA, August 16 - RIA Novosti / Prime. OOO Mangazeya Zoloto (part of the Mangazeya Mining Group, Mangazeya Mining) expects to increase the reserves of its gold ore assets in Transbaikalia by at least 100 tons by 2023, the company told Vestnik Zolotopromyshlennik.
 

By the end of this year, the company plans to submit to the State Reserves Committee materials on the Maleevsky Soakinsky deposit (reserves of the C1 + C2 deposit - 62.5 tons) and expects to protect 30-35 tons of gold reserves. By the end of 2022, she intends to supply about 30 tons more on the Antimony Gorka section to Ithaca.

Also, "Mangazeya" is completing a feasibility study at the Kochkovskoye deposit, which contains more than 55 tons of gold. "This is a big, detailed and serious work that will allow us to make the final decision on its development, to concretize and confirm the parameters of the planned project," the company explained.

In addition, the company continues exploration work at Mayachny and Nasedkino, the results of which are also expected by 2023.

Mangazeya Zoloto is a gold mining company operating in the Russian Federation in the Trans-Baikal Territory, where it develops the Savkinskoye and Kochkovskoye deposits, as well as Nasedkino, which was commissioned in July this year. Mangazeya Gold plans to extract 2.5 tons of gold in 2021, which is 31.6% more than in 2020.

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