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The average Pd:Pt ratio for Monchetundra is 2.36:1.
The average Pd:Pt ratio for Volchetundra is 2.93:1.
Monchetundra
To date, 16,121m of drilling have been completed on the licence
Volchetundra
To date, 12,192m of drilling have been completed on the Volchetundra Licence.
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x55ym2x
GLA
"Eurasia is pleased to announce further confirmation of a platinum group metals
(PGM) discovery on the Kola Peninsula in north-west Russia."
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/rm2p6vw
GLA
"Two million dollar programme begins with drilling on Kola platinum project"
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x22qdlx
GLA
"Under the agreement, RPM will fund the first $10 million of Kola expenditure
before both parties fund in proportion to their equity interest. On completion
of a bankable feasibility study or the completion of the $10 million
expenditure, which ever is the sooner, RPM have 90 days to purchase the 20% held
by Eurasia for $6 million or $5 per ounce of platinum group metals in Russian C1
and C2 categories, whichever is the lesser. Should they exercise this option,
Eurasia would hold 40% of the projects through UAP. RPM can also opt to require
UAP to purchase this interest under the same conditions. Exploration expenditure
totaling approximately $589,000 incurred during 2004 and 2005 will also be
refunded, of which Eurasia's liability represents $246,000.
Eurasia's planned exploration programmes will target mineralization in a major
group of ultramafic and mafic intrusive rocks that occur in several areas within
the Kola region. They are very similar to geological host rocks for PGM
mineralization elsewhere around the world, including the Norilsk Complex of
Russia and the Bushveld Complex of South Africa. The areas examined by Eurasia
and selected for exploration work comprise at least three large intrusions.
Exploration work in 2004 and 2005 on the three areas included trenching,
drilling and geochemical work, with samples collected in 2005 currently awaiting
analysis. Pending these results, a preliminary exploration program to include
drilling on all three areas has been drawn up.
The most advanced area is at Monchetundra, located close to the city of
Monchegorsk. Drilling has identified four platinum bearing horizons with
different characteristics. Two are palladium rich while the other two carry
higher platinum grades. High grade results include intersections of 3.58 to
38.78 grams per tonne (g/t) of combined platinum and palladium, with the high
grades over intervals of 0.4 to 2.8 metres. Lower grade intersections at some
points overlap and extend beyond them - for example 35.9 metres and 13.4 metres
of 1.94 g/t and 2.2 g/t of combined platinum and palladium, respectively. The
work completed to date allows Eurasia to plan a detailed drilling program to
assess continuity along strike and down dip. There is good evidence that the
zones are continuous, except in an area where faulting has disrupted the
geology. During 2005 additional drilling was completed on two of the horizons
for which analytical results are expected in the coming weeks."
GLA
MT and monchegorsk geology -
https://www.researchgate.net/publication/252268728_The_Monchetundra_Basic_Massif_of_the_Kola_region_New_geological_and_isotope_geochronological_data
GLA
"Eurasia maintains a drilling and exploration database of proprietary information for the Monchetundra Project some of which is information dating back to the Company's joint venture with Anglo American. This includes the area for which the mining licence was received in late 2018, as well as the surrounding area within a larger exploration license."
"To summarise, as per the information from the Russian Cadastre:
· there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;
· additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and
· additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.
The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"
This amount of exploration funding years ago -
https://www.proactiveinvestors.co.uk/companies/news/226/eurasia-mining-revisited-0188.html
GLA