RE: 20% Up or Down Doesn't Matter23 Nov 2019 17:17
Don't forget the improved grades
03 June 2019
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
West Kytlim Production Update
Eurasia Mining, the palladium, platinum, iridium, rhodium and gold production Company, is pleased to report on production at the West Kytlim Open Pit Mine. 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. It is intended that the ore stockpile be maintained at the washplant site. This ore has been and will be continuously sampled during excavation to confirm the grades and acts as a buffer to ensure continuous feedstock for the onsite washplant. Full scale washing and production started in the second quarter.
Highlights:
· Mining on-going at West Kytlim Project since 1Q2019.
· Ore stockpile of around 30,000m of ore creates a buffer of material to ensure constant production.
· Full scale washing and production started in the second quarter.
Chairman, Christian Schaffalitzky commented '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 Q2. 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. We will publish the improved grades and recovery numbers later this year, after these improvements are confirmed over longer term production period.'