Last checked at 1 Sep 2016 07:00
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")
West Kytlim Mining operation update - August 2016
Eurasia Mining plc ("Eurasia") the Russia focused PGM and gold production and development company is pleased to update progress on the commencement of mining at West Kytlim, Urals, Russia.
Highlights:
· Two mining blocks have been cleared of vegetation for production with a third to be finished by 1 September 2016.
· Gravels are being excavated from block 4 and hauled to the wash plant.
· The principal equipment for the on-site laboratory is in place including the concentrating table.
· One wash plant is assembled with a second main plant to be completed next week.
· First production is planned to commence next week.
Further detail
Mining has commenced at Malaya Sosnovka, with two blocks cleared of vegetation (blocks 4 and 5) and a third block (block 1) to be cleared by 1 September 2016. Gravels are being excavated from block 4 and hauled to the wash plant site. Two wash plants will be used, with the smaller wash plant ready to process metal bearing gravels. The main wash plant is installed but not yet operational - this is expected in the first week of September. The late delivery of critical parts for this wash plant have delayed start-up by 10 days but the projected production for 2016 is still expected to be met.
For the processing of the concentrates the on-site laboratory is ready, with all the main equipment in place, including a concentrating table.
A map showing the blocks at Malaya Sosnovka has been added to the company website www.eurasiamining.co.uk.
Consent for release
EurGeol Christian Schaffalitzky, FIMMM, PGeo, MIEI, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.
Enquiries:
Eurasia Mining Plc
Christian Schaffalitzky/Michael de Villiers
+44 (0)207 932 0418
WH Ireland Limited
Katy Mitchell/Liam Gribben
+44 (0)161 832 2174
Beaufort Securities
Elliot Hance
+44 (0)207 382 8300