[rev_slider alias=”KRAZNY”]
Tests of the lower mineralization at the Krasny project in 2015 shows that the minable gold resources could be three times as big as initial expectations have indicated. This would add 20-23 tons of gold to the deposit and extend the expected life of the planned mine from 8-9 years to 14-15 years. Meanwhile, feasibility studies of the deposit have been initiated in preparation of starting the construction of the Krasny mine.
FACTS ABOUT KRAZNY
Acquired: 2015
Mineral resources according to GKZ (’000)*: P2: 1 koz
Valid until: 2030
Ownership Kopy Goldfields AB: 49 %
License area: 2.46 sq km (within the bedrock license)
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TARGETS FOR 2016
Finalize Feasibility Study and prepare for equipment procurement and construction start
Increase resources by drilling Krasny Upper and Lower mineralization along the strike and testing the Krasny North Mineralization
Upgrade the Krasny Lower Mineralization into Measured and Indicated categories
Explore and decide on placer gold production
Update the JORC reserve report
EXPLORATION ACTIVITIES 2015
Mineral reserve report under the GKZ-regulations
Mineral resource report under the JORC-code commenced
Metallurgical processing tests
Hydrological tests
49 drill holes
7,551 meters of core drilling
EXPLORATION ACTIVITIES 2014
51 drill holes completed
7,916 meters of core drilling
1,712 meters of exploration trenches
Engineering and metallurgical processing initiated to develop the optimum processing technology
EXPLORATION ACTIVITIES 2013
Scoping study report published
Updated mineral resource estimation
1,695 meters of core drilling
195 meters of exploration trenches
EXPLORATION ACTIVITIES 2012
A mineral resource estimate within JORC Code
11,030 meters of core drilling
1,161 meters of exploration trenches
EXPLORATION ACTIVITIES 2011
Design of exploration activities
Commence field activities and analysis
Krasny exploration memo 2011
2,572 meters of trenching
EXPLORATION ACTIVITIES 2010
Recognizance geological mapping of 100 km
100 km of exploration trenches
Review and digitalize historic exploration data
Prepare and communicate exploration plan
HISTORICAL EXPLORATION
Detailed geochemical and geophysical survey of 1:25000 scale
14,723 meters of of core drilling
110,797 meters of exploration trenches
130 meters of underground shifts