LONDON (Alliance News) - Eurasia Mining PLC on Monday said it has started mining and to stockpile the ore, which will be "continuously sampled" to confirm the grades at the West Kytlim open pit gold and platinum mine in Russia.
The mineral exploration company said development of ore blocks has been ongoing since the first quarter of 2019 in preparation for the washing season. As mining and development of reserve blocks can be carried out in advance of gravel washing, it was decided to commence mining and to stockpile the ore, Eurasia Mining said.
The company intends to stockpile the ore at the washplant site, to allow it to be "continuously sampled" during excavation to confirm the grades and ensure continuous feedstock for the onsite washplant.
"We are confident of a strong second year at West Kytlim in 2019 with mining ongoing since the first quarter and with the full scale production and washing started in the second quarter," said Chair Christian Schaffalitzky.
"Our own team and that of our Contractor are building on their experience of last year with several modifications to the circuit aimed at further increasing efficiency and metal recovery," added Schaffalitzky.
Eurasia Mining shares were trading down 0.5% on Monday at 0.52 pence each.
Eurasia Mining (EUA)